America Movil: Quarterly Report 3Q22: Remains resilient to the complex environment

  • Amx figures showed advances, in line with estimates, helped by Oi’s acquisition in Brazil

  • For 2023 we expect resilient demand and slight gains in results, but highlighting higher profitability

  • We set a PT of MXN 20.0. We recommend BUY due to the solid positioning, strong balance sheet and attractive valuation

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