UBS cuts target for America Movil stock from USD 32.50 to USD 31.00

Published on 10/23/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 7.60 percent to MXN 250.63 billion. America Movil stock trades at EUR 22.20 on October 23, 2026 during trading.

Results and valuation context

UBS cut its target to USD 31.00 from USD 32.50 on October 22, 2026.
Third-quarter revenue reached MXN 250.63 billion, up 7.60 percent year over year.
America Movil stock was trading at EUR 22.20 at 11:06 a.m. CEST at Lang & Schwarz on October 23, 2026.
EBITDA margin reached 40.80 percent in the third quarter of 2026.

AMX, US02390A1016, Illustration mit AI erstellt.

America Movil (ISIN US02390A1016) became the subject of a lower UBS target on October 22, 2026, when the bank cut its view from USD 32.50 to USD 31.00 while maintaining its rating, as MarketScreener reported. The revision followed the telecom group’s third-quarter results, which showed revenue of MXN 250.63 billion, up 7.60 percent year over year.

Third-quarter growth sets the context

According to Yahoo Finance, America Movil reported third-quarter net profit of MXN 24.00 billion, 7.00 percent above the year-earlier quarter. Operating profit increased 13.90 percent to MXN 57.00 billion, giving the report a stronger operating trend than the bottom-line growth alone suggests.

The company also reported nine-month net income of MXN 72.00 billion through September 30, 2026. Service revenue rose 5.30 percent at constant exchange rates, while EBITDA increased 6.70 percent on the same basis.

Three dated events shape the stock

On August 18, 2026, JPMorgan upgraded America Movil to Overweight from Neutral and raised its target to USD 32.00 from USD 24.50, according to MarketScreener. On October 1, 2026, America Movil announced the acquisition of 72.83 percent of Brazilian company Desktop, as TeleSemana reported. On October 21, 2026, the company’s third-quarter revenue reached MXN 250.63 billion.

What does the 40.80 percent margin mean?

The EBITDA margin reached 40.80 percent in the third quarter of 2026, up 0.50 percentage points from a year earlier. Mobile service revenue grew 6.30 percent, while fixed-line revenue growth accelerated to 3.70 percent from 2.70 percent in the prior quarter. These figures point to operating leverage, although foreign-exchange losses of MXN 3.60 billion moderated the effect on net income.

Stock price and investor context

America Movil stock was trading at EUR 22.20 at Lang & Schwarz on October 23, 2026 at 11:06 a.m. CEST. The quote gives investors a current euro reference while the latest operating figures show revenue growth, margin expansion and a lower UBS target in separate currencies.

The further course of trading is shown by the continuously updated real-time quote of America Movil stock.