Scotiabank keeps Hold on America Movil stock at USD 20.80 target

Published on 10/16/2026 at 09:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank kept Hold and a USD 20.80 target on October 14, 2026. America Movil stock costs EUR 19.95 on October 16, 2026 in trading.

Analyst view and reporting date

Scotiabank maintained a Hold rating and a USD 20.80 target on October 14, 2026.
America Movil expects third-quarter results on October 20, 2026, with revenue consensus at USD 13.49 billion.
America Movil stock traded at EUR 19.95 at 9:00 a.m. CEST at Lang & Schwarz on October 16, 2026.
JPMorgan raised its target from USD 30.00 to USD 32.00 on August 18, 2026.

AMX, US02390A1016, Illustration mit AI erstellt.

America Movil (ISIN US02390A1016) was trading at EUR 19.95 at Lang & Schwarz on October 16, 2026 at 9:00 a.m. CEST. Markets Insider reported on October 14, 2026 that Scotiabank analyst Andres Coello maintained a Hold rating and a USD 20.80 price target.

Scotiabank keeps a cautious target

The latest analyst action leaves the target below a series of earlier bullish revisions. MarketBeat reported that JPMorgan raised its target from USD 30.00 to USD 32.00 on August 18, 2026, while Santander upgraded the stock from Neutral to Outperform on August 13, 2026.

Chronology shows three relevant dates. On August 13, 2026, Santander raised its view to Outperform. On August 18, 2026, JPMorgan lifted its target from USD 30.00 to USD 32.00. On October 14, 2026, Scotiabank retained Hold with a USD 20.80 target, according to the linked analyst coverage.

What does the earnings date mean?

The next test is operational rather than technical. MarketBeat expects third-quarter results after the market close on October 20, 2026, with consensus at USD 0.46 earnings per share and USD 13.49 billion in revenue. The comparable quarter carried USD 0.40 earnings per share and USD 12.71 billion in revenue, implying expected revenue growth of 6.20 percent.

Dates for the next report

The dates block has two scheduled events. America Movil is expected to publish third-quarter results on October 20, 2026, and the conference call is scheduled for October 21, 2026 at 11:00 a.m. ET, according to MarketBeat.

Market value and operating scale

America Movil is a Mexico-based telecommunications company serving mobile, fixed-line, broadband and digital customers across the Americas and Europe. Its latest reported second-quarter 2026 revenue was MXN 241.07 billion, while net income attributable to common shareholders was MXN 24.33 billion. Those figures compare with first-quarter 2026 revenue of MXN 236.84 billion and net income of MXN 23.40 billion.

The primary listing is on the NYSE under ticker AMX. The stock's USD 19.70 to USD 28.46 52-week range and USD 66.99 billion market capitalization were reported by October 16, 2026 market coverage.

Stock price before the results

The upcoming report gives the market a defined near-term event, while the analyst targets remain divided between USD 20.80 and USD 32.00. America Movil was trading at EUR 19.95 at Lang & Schwarz on October 16, 2026 at 9:00 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of America Movil stock.