12 Cheapest Stocks with Biggest Upside Potential

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1. América Móvil, S.A.B. de C.V. (NYSE:AMX)

Upside Potential: 50.22%

Forward P/E Ratio as of January 15: 7.82

Stock Price as of January 15: $13.94

Number of Hedge Fund Investors: 8

América Móvil, S.A.B. de C.V. (NYSE:AMX) is one of the largest telecommunications companies in the Americas. The company provides a wide range of services including mobile, fixed-line, broadband, and pay TV. América Móvil, S.A.B. de C.V. (NYSE:AMX) operates in 18 countries across North, Central, and South America, as well as in Europe.

América Móvil, S.A.B. de C.V. (NYSE:AMX) is actively deploying 5G networks across its operating regions to provide faster and more reliable connectivity to its customers. This not only enhances the user experience but also opens up new opportunities for services such as IoT (Internet of Things) and smart city solutions. Furthermore, América Móvil, S.A.B. de C.V. (NYSE:AMX) is exploring the integration of AI and machine learning to optimize network performance, improve customer service, and develop personalized offerings. These technological initiatives are expected to drive long-term growth and maintain the company’s competitive edge.

América Móvil, S.A.B. de C.V. (NYSE:AMX) is also exploring new markets and services. The company is looking to expand its presence in Eastern Europe and other regions where it sees potential for growth. Additionally, the company is developing new services such as digital payments, cloud solutions, and enterprise services to cater to the evolving needs of its customers. By diversifying its portfolio, the company aims to create new revenue streams and enhance its value proposition to both consumers and businesses.

While we acknowledge the potential of América Móvil, S.A.B. de C.V. (NYSE:AMX) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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