Mexico City-based America Movil SAB de CV (ADR) (NYSE:AMX) reported that profit in the second- quarter moved down 46% as the Mexican peso weakened against the greenback.
America Movil, the biggest wireless carrier in the Americas by subscribers, reported in a statement on Thursday after markets closed that net income moved down to 13.3 billion pesos or $990 million from 24.3 billion pesos previous year. The company reported that sales moved up 9.3% to 191.7 billion pesos, evaluated against the median analyst forecast of 189.1 billion pesos, as shown in the Bloomberg compiled data.
America Movil, owned by billionaire Carlos Slim, is issuing additional debt in foreign currencies as it expands exterior to Latin America, deciding to acquire this year in the United States and Europe region.
Its competitors include Telefonica S.A. (ADR) (NYSE:TEF) whose revenue remained 6.63 billion with the market capitalization of 16.46 billion.
Other services stocks include MGM Resorts International (NYSE:MGM) possessing revenue of 8.62 billion, Lowe’s Companies, Inc. (NYSE:LOW) with 51.18 billion in revenue, Netflix, Inc. (NASDAQ:NFLX) whose revenue remained 3.36 billion, Staples, Inc. (NASDAQ:SPLS) having revenue of 24.95 billion, The Home Depot, Inc. (NYSE:HD) with 71.38 billion revenue and United Continental Holdings Inc (NYSE:UAL) revenue came in 45.71 billion.
America Movil SAB de CV (ADR) (NYSE:AMX) stock reports on July 27, 2012 declined of 1.01% to the trading price of $26.56. Its fifty two week range is $20.65-$28.47. The total market capitalization remained $106.62 billion.
The overall volume in the current trading session is 3.03 million shares. In its share capital AMX has 3.81 billion outstanding shares among them 2.41 billion shares have been floated in market exchange. AMX stock institutional ownership remained 27.20%.
AMX is ahead its 52 week low with 31.26% and lagging behind from its 52 week high price with -5.26%. AMX last month stock price volatility remained 2.31%. The stock price of AMX is moving forward from its 20 days moving average with +2.46% and remote positively from 50 days moving average with +7.88%.
AMX current year earnings per share experienced a decline with -8.59% while its current quarter performance remained 7.24%. Company’s beta coefficient included 1.27. Beta factors measures the amount of market risk associated with market trade.
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