11 Best Communication and Media Stocks to Buy According to Analysts

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4. América Móvil SAB de CV (NYSE:AMX)

Average Price Target Upside Potential According to Analysts: 38.82%

Number of Hedge Fund Holders: 8

América Móvil SAB de CV (NYSE:AMX) is a major Mexican telecommunications company that specializes in communications, information technology, and digital content. It is one of the largest mobile network operators in the world and it offers its products and services in 22 countries across Latin America and Europe. América Móvil SAB de CV (NYSE:AMX) ranks among the best communication stocks to invest in.

In Q3 2024, the company added 1.8 million subscribers, including 1.4 million postpaid subscribers. Brazil added 291 thousand and Colombia contributed 159 thousand. Additionally, in the fixed-line segment, América Móvil SAB de CV (NYSE:AMX) successfully connected 327,000 new broadband accesses in the quarter.

The company has the most extensive 5G network in Latin America and it is strategically focused on expanding its 5G business. To stay ahead of the competition while also offering better quality and speed to customers, the company will be looking to continue investing in 5G technology in 2025. Previously, in April 2024, América Móvil SAB de CV (NYSE:AMX) said that a primary aim for its $7 billion capital expenditure guidance for 2024 was expanding its 5G network. In October 2024, the company announced that it had integrated ClaroVTR into its ongoing operations. This transaction makes América Móvil SAB de CV (NYSE:AMX) a leading telecommunication service provider in Chile by providing integrated services and next-generation offerings through its 5G network.

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