América Móvil to Acquire a Controlling Interest in ClaroVTR

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Citi Reiterates Buy Rating on America Movil (AMX) Following ClaroVTR Annoucement

June 24, 2024 12:29 PM EDT

Citi analyst Andrés Cardona reiterated a Buy rating and $22.50 price target on America Movil (NYSE: AMX).

The analyst comments "AMX announced they are acquiring control of their Chilean JV, formerly a 50:50 with Liberty LatAm. The deal is prompted by... More