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REAL-TIME GLOBAL RESEARCH

América Móvil (AMX.N): AMX likely to favor M&A over buybacks; keep Neutral

Published: 2026-07-23Institution: CitiCompany / ticker: AMXPages: 15Original language: EnglishEvidence page: 12

Research evidence excerpt

América Móvil (AMX.N): AMX likely to favor M&A over buybacks; keep Neutral

vailable in Brazil by Citigroup Global Markets Brasil - CCTVM SA, which is regulated by CVM - Comissão

de Valores Mobiliários ("CVM"), BACEN - Brazilian Central Bank, APIMEC - Associação dos Analistas e Profissionais de

Investimento do Mercado de Capitais and ANBIMA – Associação Brasileira das Entidades dos Mercados Financeiro e de

Capitais. Av. Paulista, 1111 - 14º andar(parte) - CEP: 01311920 - São Paulo - SP.

This Product is available in Chile through Banchile Corredores de Bolsa S.A., an indirect subsidiary of Citigroup Inc., which is

regulated by the Comisión Para El Mercado Financiero. Enrique Foster Sur, 20, piso 6, Las Condes, Santiago, Chile.

Disclosure for investors in the Republic of Colombia :This communication or message does not constitute a professional

recommendation to make investment in the terms of article 2.40.1.1.2 of Decree 2555 de 2010 or the regulations that modify,

substitute or complement it. Para la elaboración y distribución de informes de investigación y de comunicaciones generales de

que trata este artículo no se requiere ser una entidad vigilada por la Superintendencia Financiera de Colombia.

The Product is made available in Germany by Citigroup Global Markets Europe AG ("CGME"), which is regulated by the

European Central Bank and the German Federal Financial Supervisory Authority (Bundesanstalt fur

Finanzdienstleistungsaufsicht BaFin). Börsenplatz 9, 60313 Frankfurt am Main, Germany.

Unless otherwise specified, if the analyst who prepared this report is based in Hong Kong and it relates to “securities” (as

defined in the Securities and Futures Ordinance (Cap.571 of the Laws of Hong Kong)), the report is issued in Hong Kong by

Citigroup Global Markets Asia Limited.

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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