America Movil Analyst Turns Bullish On Signs Of Improvement: ‘There’s Room For Cash Generation’
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Shares of America Movil SAB de CV (NYSE:AMX) have been on an uptrend after the company’s first-quarter earnings release.
There are signs of improvements in the company’s competitive standing in Mexico and Brazil, which collectively represents more than 60% of its consolidated revenue and EBITDA, according to Goldman Sachs.
The America Movil Analyst: Vitor Tomita upgraded the rating for America Movil to Buy, while keeping the price target unchanged at $22.
The America Movil Thesis: An analysis of the company, its competitors and regulators in Mexico, Brazil …
Full story available on Benzinga.com
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