UBS Cuts América Móvil, S.A.B. de C.V. (AMX) Price Target to $31
Key Points
- UBS maintained its Buy rating on América Móvil, S.A.B. de C.V. on October 22, 2026, while adjusting its price target down to $31.00 from $32.50.
- UBS's $31 price target implies 27.62% upside from América Móvil, S.A.B. de C.V.'s ($AMX) current $24.29 share price.
- América Móvil shares recently traded around $24.29, sitting below the analyst's newly adjusted price target.
- JP Morgan previously upgraded the stock to an Overweight rating on August 18, 2026, with a target of $32.00.
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UBS reaffirmed its Buy rating on América Móvil, S.A.B. de C.V. on October 22, 2026, while adjusting its price target down from $32.50 to $31.00. The update came via a research note from the firm on the same day. Even with the lower target, the bank kept its positive stance on the telecom provider.
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América Móvil, S.A.B. de C.V.
UBS vs. the S&P 500
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UBS's Call on América Móvil
The new $31.00 target gives the stock some room to run from where shares recently traded around $24.29 as of October 22, 2026. The firm previously set its target at $32.50 before bringing it down in this latest update.
Other Institutional Activity in América Móvil
Other big investors have also adjusted their positions in the telecom company recently. Westwood Global Investments, LLC grew its holdings by 850,482 shares, ending with 13,194,202 shares worth about $329,591,159. Robeco Institutional Asset Management B.V. grew its holdings by 252,107 shares, ending with 7,475,816 shares worth about $186,745,880. Lazard Asset Management LLC grew its holdings by 52,019 shares, ending with 20,859,778 shares worth about $521,077,244. Boston Partners reduced its holdings by 552,068 shares, ending with 6,636,318 shares worth about $165,775,220. Capital International Investors cut its stake by 4,393,994 shares, ending with 5,824,597 shares worth about $145,498,430.
América Móvil, S.A.B. de C.V. Stock Holds Steady
The stock recently changed hands around $24.29, which puts it right near its 200-day moving average of $24.27. The shares sit about 7.0% higher than their 50-day moving average of $22.71. Over the past year, the stock has traded as low as $19.71 and as high as $28.46.
$AMX price target
América Móvil, S.A.B. de C.V. daily closes and this analyst's $31 target. Not advice.
Recent Earnings
The company reported trailing twelve-month revenue of $973,446,381,568 and earnings of $1.66 per share. The firm is scheduled to release its next financial results on February 9, 2027.
Dividend
The telecom provider pays an annual dividend rate of $0.59 per share, which works out to a dividend yield of 2.44%.
Analysts Set New Price Targets
JP Morgan upgraded the stock to an Overweight rating on August 18, 2026, with a price target of $32.00.
About América Móvil
América Móvil, S.A.B. de C.V. provides telecommunications services across Latin America and other international markets. Headquartered in Mexico City, the company offers wireless and fixed-line voice services, including local, domestic, and international long-distance calling, alongside network interconnection options.
Bottom Line
Investors will look toward the company's next earnings report on February 9, 2027, for updates on its financial performance. Market watchers continue to track how the stock trades relative to Wall Street price targets.
Related Filing Alerts
Source: UBS's rating change on $AMX (Oct 22, 2026). Written by software, not financial advice. How we make alerts