America Movil: Improved Forex Should Boost Earnings

Stephen Rosenman submits:

Few American investors have ever heard of America Movil (AMX), the colossal mobile telephone giant. It’s huge. America Movil has 187 million wireless subscribers easily dwarfing both ATT’s (T) and Verizon’s (VZ) networks. Combined, ATT and Verizon have 164 million mobile customers. A startling one out of every 35 people in the world subscribe to AMX (and that includes babies). Despite its size, the company has strong growth. AMX added 27 million cell phone users over the year, a 17% growth.

I recommended AMX on April 7 on Seekingalpha when it was trading at $29 because of the resurgence of the Mexican peso. AMX now is priced at $37.66. The currency story has gotten even better which should help the company boost its earnings.

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Tags: phone, telephone, Verizon, wireless

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