UBS Upgrades America Movil (AMX) to Neutral from Buy - Here's Why

América Móvil (NYSE:AMX) is one of the best cheap stocks under $50 to buy right now. América Móvil (NYSE:AMX) was upgraded to Buy from Neutral by UBS on February 24, with the firm lifting the price target on the stock to $30 from $23.60 and telling investors that it sees upside to the current price and room for re-rating. It added that the company is seeing solid momentum across its main regions.

In a separate development, América Móvil (NYSE:AMX) reported fiscal Q4 2025 earnings on February 11, with the total revenue rising to MXN 245 billion and net profit quadrupling compared to the previous year. It added 2.5 million wireless subscribers during the quarter, bringing its total base to 331 million, and also exhibited notable strength in the high-value postpaid segment. Management further reported that the fixed-line broadband experienced over half a million new connections, supported by 92% of the company’s Mexican customer base now being on fiber-optic networks.

América Móvil (NYSE:AMX) provides telecommunications services, with its products and services including wireless data and value-added services, wireless voice, fixed data, fixed voice, broadband, and IT services, and more. The company’s operations are divided into the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).