NEW YORK (TheStreet) -- America Movil (AMX) shares are up 2.7% to $23.85 on Tuesday following the release of the Mexican telecom company's second quarter earnings results.
Sales for the quarter climbed 4% to 15.66 billion, ahead of analysts estimates of $15.35 billion.
The company also said its profit rose 2.4% from the previous year to $5.1 billion.
TheStreet Ratings team rates AMERICA MOVIL SA DE CV as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMERICA MOVIL SA DE CV (AMX) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
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