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Carlos Sequeira

Managing Director and Senior Equity Analyst at BTG Pactual

Carlos Sequeira is a Managing Director and Senior Equity Analyst at BTG Pactual, where he specializes in Latin American equities research across sectors such as technology, financials, and consumer goods. He covers major listed companies including TOTVS, with a strong reputation for in-depth analysis and actionable investment insights developed during a decade at BTG Pactual. Sequeira began his career as a Research Analyst at UBS Securities before joining BTG Pactual in 2015 and has maintained an active presence in the US market through BTG Pactual US Capital LLC. He holds securities industry credentials verified through FINRA, reflecting robust compliance with regulatory standards and financial market expertise.

Carlos Sequeira's questions to AMERICA MOVIL SAB DE CV/ (AMX) leadership

Carlos Sequeira's questions to AMERICA MOVIL SAB DE CV/ (AMX) leadership • Q3 2024

Question

Carlos Sequeira of BTG Pactual noted that leverage is at the bottom of the company's target range and asked if there was any reason not to return the projected $5 billion in 2025 free cash flow to shareholders.

Answer

Executive Carlos Jose Garcia Moreno Elizondo affirmed that the company's leverage ratio is at 1.34x, the low end of their stated 1.35x to 1.5x target band from the Investor Day. He stated they do not intend to reduce leverage much further, strongly implying that returning capital to shareholders would be a priority.

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