America Movil ( (AMX) ) has released a notification of late filing.
América Móvil, S.A.B. de C.V., a leading telecommunications company, has filed a Form 12b-25 to notify the delay in submitting its Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the company’s independent accounting firm, Mancera S.C., requiring additional time to complete the audit of financial statements and assess internal controls over financial reporting, particularly concerning the ‘Mexico Fixed’ and ‘Mexico Wireless’ segments. América Móvil anticipates filing the delayed report within the 15-day extension period allowed by Rule 12b-25, although it cannot guarantee this timeline. The company does not expect any material changes to its financial results as previously reported in its Form 6-K on February 13, 2025. América Móvil continues to work towards compliance, with the notification signed by Alejandro Cantú Jiménez, the General Counsel.
Spark’s Take on AMX Stock
According to Spark, TipRanks’ AI Analyst, AMX is a Outperform.
America Movil’s overall score reflects its solid financial performance and positive technical indicators, despite the challenges of high leverage and valuation concerns. The earnings call provided a mixed outlook, highlighting both growth opportunities and risks in currency and income decline.
To see Spark’s full report on AMX stock, click here.
More about America Movil
YTD Price Performance: 19.14%
Average Trading Volume: 2,279,888
Technical Sentiment Signal: Strong Sell
Current Market Cap: $52.64B
See more insights into AMX stock on TipRanks’ Stock Analysis page.