América Móvil, S.A.B. de C.V. (AMX)

América Móvil pairs roughly 40% EBITDA margins and about MXN 280B of trailing operating cash flow with a 14.7x P/E, 5.1x EV/EBITDA and a 10.9% free-cash-flow yield. Leverage is moderate at 1.6x net debt/EBITDA including leases (1.2x on the company's EBITDAaL basis after nine months of deliberate deleveraging), covenants are met with roughly US$5B of undrawn committed facilities, and both discounted-cash-flow models value the shares well above the current quote. The offsets are real but not existential: about 2% long-run revenue growth, 74% of debt denominated in foreign currency, a sub-1.0 current ratio, three consecutive years of material weaknesses in internal control, and heavy regulatory scrutiny in Mexico. The net read is solid fundamentals at an attractive price, with governance and growth as the principal discounts.

Dominant driver is the Q3 2026 print (announced 2026-10-20): revenue +7.6%, net profit +7% and adjusted EPS of US$0.47 per ADR ahead of consensus, rewarded with a ~5.5–6% one-day move and an 11-item scored polarity of +0.31. The sentiment delta is indeterminate (the baseline window is genuinely sparse at a single scored item), the beat is already partially digested with no forward-dated driver inside 30 trading days, retail coverage is indeterminate, and the Red-Flag Screen is clean — a constructive but post-event setup rather than a fresh actionable one.

Post-earnings breakout in an orderly pullback: after the 10-21/10-22 Q3-driven surge to 25.05, AMX has drifted to 24.06 on lighter volume while holding above SMA20 22.58, SMA50 22.79, EMA9 23.71 and EMA21 23.07, with MACD +0.48 above signal +0.18 and above zero, RSI 61.4, and ADX 29.6 confirming a directional trend. The support confluence at 23.70-23.85 is a clean limit-buy zone with structure-based risk at the 23.70 low. The single weak signal keeping this at 4 rather than 5 is the SMA200 at 24.35 — price is still below it, so the first target at 25.09 must clear both the 200-day and the 25.05 swing high.