America Movil: Cell Phone Star of the Americas

Filed under: Stocks to Buy

High-profile Latin American wireless service provider America Movil SAB de CV (AMX), first mentioned here on June 24, 2009, at a price of $36.47, has broken out of a summer-long trading range, and I obviously still like the shares here.

America Movil remains a new business titan with promise. In 2010, AMX will likely post 7% to 9% revenue growth, followed by 10% to 12% revenue growth in 2011, led by improving performance in two, key markets: Brazil and Mexico. Subscriber growth should remain in the strong 9% to 11% range in 2010, and margins will likely increase slightly.

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America Movil: Cell Phone Star of the Americas originally appeared on BloggingStocks on Tue, 19 Oct 2010 14:00:00 EST. Please see our terms for use of feeds.

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