On February 24, 2026, Leonardo Olmos of UBS upgraded América Móvil, S.A.B. de C.V. (AMX) to a “Buy” rating, setting a price target of $30. This move underscores growing confidence in the telecom giant, especially as it currently trades around $25.49, suggesting a potential upside of approximately 17%. For investors, this rating signifies a compelling case for considering América Móvil as they navigate market opportunities.
Recent Price Action
In the weeks preceding the upgrade, AMX’s stock exhibited a notable increase, gaining $1.73 or 7.28% over a short period. This upswing is indicative of positive sentiment amidst the stock’s relatively stable year-to-date performance. With an average volume of 2,359,091 shares traded, the recent spike in trading activity—reflected in a volume of 5,991,441—suggests heightened interest from both retail and institutional investors. The stock maintained a low beta of 0.273, indicating resilience against larger market fluctuations while still reflecting a consistent demand-side performance.
Over the last 52 weeks, AMX has seen a high of $94.58 and a low of $4.04, illustrating significant volatility that places its current price in a context of former highs and near-term uncertainties. Such price movements represent the dynamic regulatory and economic environment surrounding telecommunications in Latin America, a market where América Móvil has a substantial presence.
Historical Performance
Evaluating the stock’s recent performance reveals a mixed trajectory. Over the past 30 days, AMX has produced modest returns of 0.39%, while the quarterly performance shows a decline of 7.93%. In contrast, the one-year performance stands at an impressive 49.57%, indicating strong recovery and growth compared to broader market trends. This volatility is reflected in the stock’s weekly and monthly volatility rates of 2.57% and 1.95%, respectively, suggesting that while the stock may be subject to short-term swings, it has experienced a robust recovery over a longer horizon.
Earnings Analysis
Upon reviewing the most recent earnings report, AMX reported an earnings per share (EPS) of $0.2073 for the quarter ended October 15, 2025, exceeding analysts’ expectations of $0.17. This marks a positive surprise of approximately 21.94%, indicating strong operational efficiency and quality of earnings. In the previous earnings cycle, however, the company fell short of forecasts, reporting an EPS of $0.38 against an estimate of $0.49. This inconsistency highlights a potential area for investor scrutiny, but the recent positive surprise suggests a positive turnaround in performance indicators.
Consensus Ratings
Currently, the consensus rating on AMX is overwhelmingly positive. Olmos’ recent upgrade to “Buy” is the sole analyst rating present, reflecting a focused sentiment as other analysts may be awaiting further data. The average price target aligns perfectly with Olmos’ target at $30, marking a substantial target relative to the current trading price of $25.49. This rating landscape combined with bullish sentiment indicates a potentially lucrative opportunity should analysts across the board echo these sentiments as further earnings data emerges.
Stock Grading or Fundamental View
The Stocks Telegraph Grade for América Móvil stands at 50, a score indicating a balance between its fundamental performance and underlying financial stability. This rating suggests that the company possesses strong fundamentals, but perhaps there’s room for enhancement driven by innovative strategies, market expansion, or efficiency improvements. Investors might view this as a sign of moderate risk, with the potential for both growth and defensive positioning in their portfolios.
Conclusion
For investors considering América Móvil (AMX), the recent upgrade to “Buy” presents an interesting opportunity, especially for those with a medium- to long-term investment horizon who are looking for growth within the telecom sector. While the company exhibits strong potential for upside, it also grapples with the historical volatility of its stock and the inherent risks associated with the telecommunications market. The recent earnings surprise provides a highlight of operational competency, reinforcing investor confidence. However, potential buyers should be vigilant regarding market conditions and shifts in operational performance metrics as they engage with this stock.