América Móvil, SAB de CV (NYSE: AMX) is a leading telecommunications company headquartered in Mexico, providing mobile, broadband, and pay-TV services across Latin America and other regions. It is one of the largest telecom operators in the world.
Key Takeaways:
- América Móvil’s stock price is expected to experience steady growth over the next two decades.
- The company’s robust presence in emerging markets and strategic investments position it for long-term success.
- Factors such as market penetration, technological advancements, and regulatory changes will influence the stock price.
- Our forecasts are based on rigorous analysis, considering historical performance, industry trends, and economic indicators.
Overview of América Móvil
América Móvil, SAB de CV was founded in 2000 through the merger of several telecommunications companies in Mexico, including Telmex and Telcel. Over the years, the company has expanded its operations to multiple countries across Latin America, the Caribbean, and Europe, solidifying its position as a multinational telecommunications giant.
América Móvil company Profile
| Country | Mexico |
| Ticker Symbol | AMX |
| Exchange | NYSE |
| Founded | 2000 |
| IPO Date | 2001 |
| Industry | Telecommunications |
| Sector | Communication Services |
| Employees | 1,75,473 |
| CEO | Daniel Hajj Aboumrad |
| Market Cap (June 18, 2024) | $52.70 billion |
| Website | americamovil |
América Móvil (AMX) Balance Sheet Analysis
América Móvil’s total assets declined to $1.56 billion in 2023, while total liabilities decreased to $1.14 billion. Total equity also dropped to $421.70 billion. The company’s debt levels showed a mixed trend, with total debt decreasing to $625.85 billion, but net debt declining to $474.08 billion.
Working capital deficit widened to $-184.24 billion, indicating potential liquidity concerns. Capitalization and invested capital figures contracted, suggesting a smaller operational scale. Common stock equity fell to $366.71 billion, and shares outstanding reduced to 62.45 billion.
Tangible assets decreased significantly to $99.14 billion, potentially impacted by asset impairments or divestitures. Capital lease obligations decreased to $125.17 billion, reflecting changes in lease commitments.
Overall, the balance sheet highlights a downsizing trend, with reductions in assets, liabilities, equity, and outstanding shares. However, the declining debt levels could signal efforts to strengthen the company’s financial position.
Balance Sheet Data Source: finance.yahoo
América Móvil Stock Price History
América Móvil, SAB de CV (NYSE: AMX) had its IPO in the year 2001. The company has undergone two stock splits, enhancing its accessibility to investors. The first split occurred on July 21, 2005, with a 3:1 ratio, tripling shares. Subsequently, on July 1, 2011, a 2:1 split doubled the outstanding shares. As a result, one share held before 2005 now equates to six shares, reflecting the company’s growth and commitment to shareholder value over the years.1
As of August 23, 2024, the stock price stands at $17.36.
AMX Stock Price Forecast 2024
For the remainder of 2024, we anticipate América Móvil’s stock price to experience a moderate increase. The company’s strong foothold in emerging markets, coupled with its ongoing investments in network infrastructure and digital services, will drive this growth. We project the stock price to range between $17.50 and $19.00, with an average price of $18.25, representing a potential upside of approximately 7.7% from the current level.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $13.50 | $18.25 | $19.00 |
AMX Stock Price Forecast 2025
In 2025, we expect América Móvil’s stock price to continue its upward trajectory, fueled by the company’s strategic initiatives and industry tailwinds. The anticipated growth in mobile data consumption and the rollout of 5G networks across the regions where the company operates will contribute to this positive outlook. We project the stock price to range between $19.50 and $21.50, with an average price of $20.50, representing a potential upside of approximately 12.4% compared to 2024’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $19.50 | $20.50 | $21.50 |
AMX Stock Price Forecast 2026
Our forecast for 2026 suggests a continued upward trend for América Móvil’s stock price. The company’s strategic focus on expanding its digital services portfolio and leveraging emerging technologies such as the Internet of Things (IoT) and cloud computing is expected to drive growth. We project the stock price to range between $22.00 and $24.50, with an average price of $23.25, representing a potential upside of approximately 13.4% compared to 2025’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $22.00 | $23.25 | $24.50 |
AMX Stock Price Forecast 2027
In 2027, we anticipate América Móvil’s stock price to maintain its positive momentum, benefiting from the company’s continued market penetration and operational efficiency initiatives. The expansion of broadband services and the adoption of digital transformation strategies across various industries are expected to contribute to the company’s growth. We project the stock price to range between $25.00 and $27.50, with an average price of $26.25, representing a potential upside of approximately 12.9% compared to 2026’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $25.00 | $26.25 | $27.50 |
AMX Stock Price Forecast 2028
Our forecast for 2028 suggests a steady increase in América Móvil’s stock price, driven by the company’s strategic acquisitions, partnerships, and diversification efforts. The convergence of telecommunications and digital services is expected to create new growth opportunities for the company. We project the stock price to range between $28.00 and $31.00, with an average price of $29.50, representing a potential upside of approximately 12.4% compared to 2027’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $28.00 | $29.50 | $31.00 |
AMX Stock Price Forecast 2029
In 2029, we anticipate América Móvil’s stock price to continue its upward trajectory, driven by the company’s strong financial performance, strategic investments, and favorable market conditions. The increasing demand for high-speed internet and digital services is expected to fuel the company’s growth. We project the stock price to range between $32.00 and $35.00, with an average price of $33.50, representing a potential upside of approximately 13.6% compared to 2028’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $32.00 | $33.50 | $35.00 |
AMX Stock Price Forecast 2030
Our forecast for 2030 suggests a continued upward trend for América Móvil’s stock price, driven by the company’s focus on innovation, technology leadership, and customer-centric strategies. The proliferation of new technologies, such as 5G and beyond, is expected to create new revenue streams for the company. We project the stock price to range between $36.00 and $39.50, with an average price of $37.75, representing a potential upside of approximately 12.7% compared to 2029’s average price. For comparison, you might be interested in the American Tower (AMT) stock forecast, another major player in the telecommunications infrastructure sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $36.00 | $37.75 | $39.50 |
AMX Stock Price Forecast 2031
In 2031, we anticipate América Móvil’s stock price to maintain its positive momentum, benefiting from the company’s continued expansion into new markets and the development of innovative digital services. The increasing adoption of emerging technologies and the growing demand for connectivity are expected to contribute to the company’s growth. We project the stock price to range between $41.00 and $45.00, with an average price of $43.00, representing a potential upside of approximately 13.9% compared to 2030’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $41.00 | $43.00 | $45.00 |
AMX Stock Price Forecast 2032
Our forecast for 2032 suggests a steady increase in América Móvil’s stock price, driven by the company’s strategic investments in infrastructure, digital transformation initiatives, and operational efficiency improvements. The convergence of telecommunications and digital services is expected to create new growth opportunities for the company. We project the stock price to range between $47.00 and $51.00, with an average price of $49.00, representing a potential upside of approximately 14.0% compared to 2031’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $47.00 | $49.00 | $51.00 |
AMX Stock Price Forecast 2033
In 2033, we anticipate América Móvil’s stock price to continue its upward trajectory, driven by the company’s strong market position, strategic partnerships, and innovative product offerings. The increasing demand for high-speed internet, digital services, and emerging technologies such as the Internet of Things (IoT) and artificial intelligence (AI) is expected to fuel the company’s growth. We project the stock price to range between $53.00 and $58.00, with an average price of $55.50, representing a potential upside of approximately 13.3% compared to 2032’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $53.00 | $55.50 | $58.00 |
AMX Stock Price Forecast 2034
Our forecast for 2034 suggests a continued upward trend for América Móvil’s stock price, driven by the company’s focus on customer experience, operational excellence, and strategic acquisitions. The increasing adoption of digital services and the convergence of telecommunications and technology are expected to create new revenue streams for the company. We project the stock price to range between $59.00 and $64.00, with an average price of $61.50, representing a potential upside of approximately 10.8% compared to 2033’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $59.00 | $61.50 | $64.00 |
AMX Stock Price Forecast 2035
In 2035, we anticipate América Móvil’s stock price to maintain its positive momentum, benefiting from the company’s continued expansion into new markets, strategic partnerships, and investments in emerging technologies. The increasing demand for connectivity, digital services, and innovative solutions is expected to contribute to the company’s growth. We project the stock price to range between $66.00 and $71.00, with an average price of $68.50, representing a potential upside of approximately 11.4% compared to 2034’s average price. Similarly, investors may want to consider the Crown Castle stock prediction, as both companies are key players in the telecommunications infrastructure market.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $66.00 | $68.50 | $71.00 |
AMX Stock Price Forecast 2036
Our forecast for 2036 suggests a steady increase in América Móvil’s stock price, driven by the company’s strategic investments in infrastructure, digital transformation initiatives, and operational efficiency improvements. The convergence of telecommunications and digital services, along with the adoption of emerging technologies, is expected to create new growth opportunities for the company. We project the stock price to range between $73.00 and $78.00, with an average price of $75.50, representing a potential upside of approximately 10.2% compared to 2035’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $73.00 | $75.50 | $78.00 |
AMX Stock Price Forecast 2037
In 2037, we anticipate América Móvil’s stock price to continue its upward trajectory, driven by the company’s strong market position, innovative product offerings, and strategic partnerships. The increasing demand for high-speed internet, digital services, and emerging technologies such as the Internet of Things (IoT) and artificial intelligence (AI) is expected to fuel the company’s growth. We project the stock price to range between $80.00 and $86.00, with an average price of $83.00, representing a potential upside of approximately 9.9% compared to 2036’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $80.00 | $83.00 | $86.00 |
AMX Stock Price Forecast 2038
Our forecast for 2038 suggests a continued upward trend for América Móvil’s stock price, driven by the company’s focus on customer experience, operational excellence, and strategic acquisitions. The increasing adoption of digital services and the convergence of telecommunications and technology are expected to create new revenue streams for the company. We project the stock price to range between $87.00 and $94.00, with an average price of $90.50, representing a potential upside of approximately 9.0% compared to 2037’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $87.00 | $90.50 | $94.00 |
AMX Stock Price Forecast 2039
In 2039, we anticipate América Móvil’s stock price to maintain its positive momentum, benefiting from the company’s continued expansion into new markets, strategic partnerships, and investments in emerging technologies. The increasing demand for connectivity, digital services, and innovative solutions is expected to contribute to the company’s growth. We project the stock price to range between $95.00 and $102.00, with an average price of $98.50, representing a potential upside of approximately 8.8% compared to 2038’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $95.00 | $98.50 | $102.00 |
AMX Stock Price Forecast 2040
Our forecast for 2040 suggests a steady increase in América Móvil’s stock price, driven by the company’s strategic investments in infrastructure, digital transformation initiatives, and operational efficiency improvements. The convergence of telecommunications and digital services, along with the adoption of emerging technologies, is expected to create new growth opportunities for the company. We project the stock price to range between $104.00 and $111.00, with an average price of $107.50, representing a potential upside of approximately 9.2% compared to 2039’s average price. For a comparison in the cable and broadband sector, you might find the Charter Communications (CHTR) stock forecast informative.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $104.00 | $107.50 | $111.00 |
AMX Stock Price Forecast 2050
Looking ahead to 2050, we expect América Móvil’s stock price to reach new heights, driven by the company’s continued innovation, strategic acquisitions, and leadership in the telecommunications and digital services sectors. The increasing demand for connectivity, digital transformation, and emerging technologies such as 5G and beyond, IoT, AI, and cloud computing are expected to fuel the company’s growth. We project the stock price to range between $580.00 and $680.00, with an average price of $630.00, representing a substantial upside potential compared to 2040’s average price.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $580.00 | $630.00 | $680.00 |
Conclusion
Our comprehensive analysis of América Móvil’s stock price forecast highlights the company’s potential for significant growth over the next two decades. The company’s strategic focus on emerging markets, investments in infrastructure and technology, and commitment to innovation position it favorably for long-term success. While market conditions and industry dynamics may influence short-term fluctuations, América Móvil’s robust presence and adaptability position it to capitalize on emerging opportunities and deliver sustainable value to its shareholders.
FAQs
1. What is the future of AMX share price?
According to our forecasts, the future of AMX (América Móvil) share price looks promising, with a steady upward trend expected over the next two decades. The stock price is projected to reach $630.00 on average by 2050, representing substantial growth from the current levels.
2. What is the AMX share prediction for 2030?
Our forecast for 2030 suggests that AMX’s stock price will range between $36.00 and $39.50, with an average price of $37.75.
3. What is the AMX 10-year outlook?
The 10-year outlook for AMX (from 2024 to 2034) shows a consistent upward trajectory in the stock price. By 2034, we project the stock price to range between $59.00 and $64.00, with an average price of $61.50, representing a potential upside of approximately 236% compared to the current price as of June 18, 2024 ($16.95).
4. Is AMX a buy, hold, or sell?
Based on our comprehensive analysis and positive long-term forecasts, AMX (América Móvil) can be considered a “buy” for investors seeking exposure to the telecommunications and digital services sectors, with a focus on emerging markets. The company’s strategic initiatives, investments in technology, and potential for growth make it an attractive investment opportunity.
5. Who are the major competitors of AMX?
América Móvil, SAB de CV (NYSE: AMX) is a major telecommunications company based in Mexico, with operations across Latin America and other regions. Its primary competitors include:
- AT&T Inc. (NYSE: T): A major U.S. telecommunications provider offering wireless, broadband, and TV services, competing in Mexico and Latin America.
- Verizon Communications Inc. (NYSE: VZ): A leading U.S. telecom operator, Verizon offers wireless and broadband services, competing indirectly with América Móvil in global markets.
- T-Mobile US, Inc. (NASDAQ: TMUS): T-Mobile is a significant player in the U.S. wireless market, expanding into Latin America and indirectly competing with América Móvil.
- Telefónica S.A. (NYSE: TEF): A Spanish multinational telecom company with a strong presence in Latin America, competing directly with América Móvil across the region.
- Liberty Latin America Ltd. (NASDAQ: LILA): Operating in Latin America and the Caribbean, Liberty Latin America offers telecom services, competing with América Móvil in these markets.
- Millicom International Cellular S.A. (NASDAQ: TIGO): Focused on emerging markets in Latin America and Africa, Millicom competes with América Móvil in mobile, cable, and broadband services.
- Comcast Corporation (NASDAQ: CMCSA): Primarily a U.S. cable operator, Comcast also has global reach, indirectly competing with América Móvil in broadband and media services.
- Charter Communications Inc. (NASDAQ: CHTR): A leading U.S. broadband and cable service provider, Charter’s expansion efforts put it in indirect competition with América Móvil.
- Crown Castle International Corp. (NYSE: CCI): This U.S.-based wireless infrastructure provider supports telecom companies globally, indirectly competing by enabling rival networks.
- American Tower Corporation (NYSE: AMT): A major global telecom infrastructure provider, American Tower supports wireless networks in markets where América Móvil operates.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
Source:
