Barron’s Names America Movil (AMOV) The Best Pick Among BRIC Telco Stocks

Barron’s has reported that the Mexico based America Movil (ADR) (NASDAQ: AMOV) is the best investment among the emerging market telecom stocks.

America Movil operates in 18 countries, holds a 70% market share in the Mexican wireless market and generates $5 to $7 billion of free cash flow every year. It is trading at $49.17 and Barron’s feels that, given its growth strategy and the conservative management, it could trade into the high 50s next year.