América Móvil (AMX) Benefits From Latin America Telecom Pricing Power

Company Overview - América Móvil SAB de CV (NYSE:AMX) is a major Mexican telecommunications company specializing in communications, information technology, and digital content, operating in 22 countries across Latin America and Europe [4] Investment Outlook - Bank of America Securities initiated coverage of América Móvil, rating it Neutral with a price target of $26, highlighting a positive outlook for Latin American telecommunications in 2023-2024 due to relaxed capital expenditures and strengthened pricing power from industry consolidation [1] - Improved cash generation in the telecommunications industry has led to increased dividends for investors, with América Móvil having paid dividends for the past 25 years, reflecting a favorable trend for telecom companies in Latin America [2] Strategic Developments - América Móvil has secured broadcasting rights for the Olympics in Latin America, maintaining rights in 16 regions through to the Brisbane 2032 games, covering major events including the Winter Olympics in 2026 and 2030, and the Summer Olympics in 2028 and 2032 [3]