America Movil stock trades at 22.50 euros after Q3 cash flow update

Published on 11/05/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

America Movil stock draws fresh attention after stronger third-quarter demand and cash generation. Lower leverage supports the investment case.

Cash Flow Supports America Movil

Third-quarter revenue rose 7.6 percent year over year to MXN 251 billion.
Postpaid and fixed-broadband growth offset customer losses linked to prepaid account cleanups.
Cash generation funded investment, reduced net debt and supported shareholder distributions.

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America Movil stock traded at 22.50 euros on Lang & Schwarz at 16:33 CET on Thursday, November 5, 2026. That was 2.27 percent above the 22.00 euros recorded in our November 2 report, a separate comparison from the daily Xetra close.

The latest market focus remains on the telecom group's third-quarter operating performance and balance-sheet progress. MarketBeat reported that revenue rose 7.6 percent year over year to MXN 251 billion, while net income increased 7 percent to MXN 24 billion.

Postpaid Growth Offsets Prepaid Cleanup

Mobile postpaid and fixed-broadband accesses were the main customer-growth drivers. Postpaid mobile accesses increased 8.9 percent year over year and fixed-broadband accesses rose 5.6 percent, helping offset a 5 million decline in prepaid subscribers linked largely to customer-base cleanups in Mexico and Colombia.

At constant exchange rates, service revenue increased 5.3 percent and EBITDA rose 6.7 percent. The EBITDA margin reached 40.8 percent, up 0.5 percentage points from the prior-year quarter, while mobile service revenue grew 6.3 percent and fixed-line revenue growth accelerated to 3.7 percent from 2.7 percent in the preceding quarter.

Cash Generation Lowers Leverage

Cash flow funded MXN 76 billion of capital expenditure in the first nine months. It also reduced net debt in cash-flow terms by MXN 34 billion and supported MXN 27 billion of buybacks and dividends. Free cash flow was 41 percent higher than in 2025.

Net debt excluding leases stood at MXN 400 billion at quarter-end, equal to 1.21 times EBITDA after leases compared with 1.50 times at the end of 2025. Management retained a leverage target of 1.2 to 1.5 times EBITDA after leases and expects next year's capital expenditure near USD 7 billion.

The real-time quote of America Movil stock gives investors a live reference for the ADR's euro trading on Lang & Schwarz.