Financial Data and Key Metrics Changes - In Q3 2024, total revenue reached MXN 223 billion, with service revenue growing 11.3% in Mexican peso terms and EBITDA increasing by 11.9% [10][12] - Net profit for the quarter was MXN 6.4 billion, nearly tripling from the previous year, equivalent to MXN 0.10 per share or $0.11 per ADR [12] - Net debt at the end of September was MXN 433 billion, reflecting an increase of MXN 7.3 billion since December 2023 [13] Business Line Data and Key Metrics Changes - The company added 1.8 million subscribers in Q3, with 1.4 million being postpaid [8] - Mobile service revenue growth accelerated to 5.2%, while fixed line service revenue rose by 5.9% [11] - Broadband revenue growth decelerated slightly to 7.4%, while corporate networks revenue expanded by 10.1% [11] Market Data and Key Metrics Changes - In Mexico, prepaid segment net additions were 468,000, with Colombia leading at 251,000 [9] - Brazil and Colombia showed improved steady revenue growth, while Central America outperformed previous quarters [11] - The company experienced a slight increase in churn in Mexico attributed to economic conditions [31] Company Strategy and Development Direction - The company is focusing on upgrading its network to fiber, with 84% of customers now connected to fiber [20] - There are no current M&A plans, with a focus on organic growth and technology upgrades [52] - The company aims to maintain its competitive edge through digitalization and customer care improvements [52] Management's Comments on Operating Environment and Future Outlook - Management noted that prepaid revenue growth remains stable despite economic challenges, with postpaid revenues performing well [25][26] - The outlook for 2025 is positive, with expectations of continued growth in both prepaid and postpaid segments [23] - The company is optimistic about maintaining its market position and improving service quality across Latin America [58] Other Important Information - The company received its third ESG rating upgrade by MSCI, reflecting improvements in corporate governance and data security [13] - Capital expenditures for the year are on target at approximately $7.2 billion [17] Q&A Session Summary Question: Update on competitive dynamics in the fixed broadband market in Mexico - Management acknowledged increased competition, particularly from Telmex, which has upgraded its network significantly [18] Question: CapEx guidance for 2024 - The target remains around $7.2 billion, with no significant changes expected [17] Question: Trends in prepaid and postpaid subscriber activity - Prepaid activity is sensitive to economic conditions, while postpaid is performing well with upgrades and increased data offerings [23][25] Question: Competitive dynamics in Brazilian broadband - The company maintains a leading position in Brazil, with ongoing upgrades to deliver high-speed internet [31] Question: Net debt strategy and FX impacts - The company is not looking to take on additional debt and aims to maintain its leverage ratio [38] Question: CapEx plans for Chile - CapEx for Chile will be consolidated starting November, but no significant changes are expected [41] Question: Shareholder remuneration and CapEx direction amid currency depreciation - No changes are anticipated in shareholder remuneration or CapEx targets despite currency fluctuations [50] Question: M&A opportunities in Latin America - Currently, there are no M&A opportunities being pursued, with a focus on organic growth [52] Question: Pricing dynamics in mobile for Brazil - The focus will be on upselling rather than direct price hikes to enhance ARPU [56]

Core Insights - America Movil reported a net income per ADR of 11 cents for Q3 2024, an increase from 4 cents in the same quarter last year, but fell short of the Zacks Consensus Estimate by 73.17% [1] - Total quarterly revenues increased by 9.6% to Mex$223,458 million, driven by growth in both Service and Equipment segments [2] - The company gained 1.8 million wireless subscribers in Q3, including 1.4 million postpaid subscribers, with Brazil, Mexico, and Colombia being the main contributors [2] Financial Performance - Net income for the quarter was Mex$6,427 million, compared to Mex$2,028 million in the prior year [1] - Comprehensive financing costs decreased by 4.8% to Mex$28,323 million from Mex$29,740 million [1] - Total costs and expenses rose by 8.1% to Mex$134,036 million, while EBITDA increased by 11.9% to Mex$89,422 million, resulting in an EBITDA margin of 40% [6] Regional Performance - Revenues from Argentina increased by 10% to ARS 493,726 million, attributed to rising service revenues despite a decline in equipment revenues [4] - Colombia's revenues grew by 4.5% to COP 3,905 billion, driven by strong equipment sales [4] - Ecuador experienced a revenue decline of 2.3% to $253 million due to macroeconomic challenges [3] Subscriber Growth - The company ended the quarter with 315.8 million wireless subscribers, including 74.6 million revenue-generating units in fixed-line, Broadband, and Television platforms [2] Market Reaction - Following the earnings announcement, America Movil's shares rose by 2% in pre-market trading on October 16, 2024, although the stock has decreased by 4.1% over the past year [1]

Company Performance - Amer Movil reported quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.41 per share, and showing an increase from $0.04 per share a year ago, resulting in an earnings surprise of -73.17% [1] - The company posted revenues of $11.82 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.27%, and down from $11.95 billion year-over-year [1] - Over the last four quarters, Amer Movil has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [1] Stock Outlook - The immediate price movement of Amer Movil's stock will largely depend on management's commentary during the earnings call [2] - Amer Movil shares have declined approximately 11.7% since the beginning of the year, contrasting with the S&P 500's gain of 22.9% [2] Future Earnings Expectations - The current consensus EPS estimate for the upcoming quarter is $0.61 on revenues of $11.99 billion, and for the current fiscal year, it is $1.39 on revenues of $47.83 billion [4] - The estimate revisions trend for Amer Movil is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Wireless Non-US industry, to which Amer Movil belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Another company in the same industry, Millicom International Cellular SA, is expected to report quarterly earnings of $0.68 per share, reflecting a significant year-over-year change of +2366.7% [5]

Group 1 - The Zacks Rank system focuses on earnings estimates and revisions to identify strong stocks, with a particular emphasis on value investing, which seeks undervalued companies in the market [1] - Value investors utilize traditional analysis on key valuation metrics, such as P/E and P/S ratios, to find stocks that are believed to be undervalued [1] - The Style Scores system includes a "Value" category, where stocks with "A" grades for Value and high Zacks Ranks are considered among the best value stocks available [1] Group 2 - America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) has a Zacks Rank of 2 (Buy) and an A grade for Value, with a P/E ratio of 9.24 compared to the industry average of 10.07 [2] - Over the past 52 weeks, AMX's Forward P/E has fluctuated between 9.17 and 13.04, with a median of 11.32 [2] - AMX's P/S ratio is 1.05, which is lower than the industry's average P/S of 1.32, indicating potential undervaluation [2] Group 3 - Ceragon Networks (CRNT) is also a 2 (Buy) stock with a Value score of A, featuring a P/B ratio of 1.53 compared to the industry's price-to-book ratio of 1.20 [3] - CRNT's P/B ratio has ranged from 1.01 to 2.07 over the past year, with a median of 1.61 [3] - Both AMX and CRNT are highlighted as impressive value stocks due to their strong earnings outlook and current undervaluation [3]

ICARO to Deliver Monetization for Claro Brazil with Over 87 Million Mobile CustomersNEW YORK, Oct. 10, 2024 /PRNewswire/ -- ICARO™ Media Group, Inc. an AI Technology Media company for Telecom / Mobile Operators and Media Broadcast Companies (TMT sector), in partnership with RioVerde, has entered into a 10-year contract with Claro Brasil, a mobile operator, entertainment, satellite-television, fixed, and broadband telecommunications operator owned by América Móvil (NYSE: AMX), the largest mobile operator in ...

MIRAMAR, Fla., Aug. 1, 2024 /PRNewswire/ -- Claro Enterprise Solutions is thrilled to announce its participation in the prestigious Black Hat conference in Las Vegas, where it will debut its innovative cyber-physical security convergence initiative. Attendees are invited to visit our booth for exclusive demos, including a highlight on our advanced AI Video Analytics solution.Unveiling the Future of Cyber-Physical Security Claro Enterprise Solutions Debuts its Cyber-Physical Initiative at Black Hat 2024 ...

Tim Robberts Investment Thesis: I rate America Movil as a buy. In a previous article back in October, I made the argument that America Movil (NYSE:AMX) has good prospects for upside going forward, on the basis of strong LTV trends as well as a reduction in long-term debt. Since my last article, the stock is up by just over 8%: TradingView.com The purpose of this article is to assess whether my bullish thesis for the stock still holds and whether the stock has the capacity to see further upside from he ...

América Móvil, S.A.B. de C.V. (NYSE:AMX) Q2 2024 Earnings Conference Call July 17, 2024 11:00 AM ET Company Participants Daniela Lecuona - Head, Investor Relations Daniel Hajj - Chief Executive Officer Carlos García Moreno - Chief Financial Officer Oscar von Hauske - Chief Operating Officer Conference Call Participants Leonardo Olmos - UBS Walter Piecyk - LightShed Ventures Vitor Tomita - Goldman Sachs Phani Kanumuri - HSBC Lucca Brendim - Bank of America Carlos Legarreta - Itau Daniel Federle - Bradesco BB ...

America Movil, S.A.B. de C.V. (AMX) reported a net loss per ADR of 2 cents for the second quarter of 2024 against the net income of 46 cents reported in the prior-year quarter.Net loss in the June quarter was Mex$1,093 million or Mex$0.02 per share against net income of Mex$25,875 million or Mex$0.41 per share in the year-ago quarter.The company had a comprehensive financing cost of Mex$40,210 million compared with the year-ago quarter’s comprehensive financing cost of Mex$2,104 million.RevenuesTotal quarte ...

MIRAMAR, Fla., July 17, 2024 /PRNewswire/ -- Claro Enterprise Solutions is proud to announce that it has been recognized with Comparably's Best Leadership Team award for 2024. This honor reflects the outstanding leadership and management conducted throughout the company, as rated by its employees. Claro Enterprise Solutions Awarded Best Leadership Teams "We are humbled and honored to receive this recognition. While our leadership team serves as a catalyst, it is our skilled, dedicated, and relentless em ...