Royal Bank of Canada Reaffirms “Sell” Rating for America Movil SAB de CV ADR Series L (A

Royal Bank of Canada reaffirmed their sell rating on shares of America Movil SAB de CV ADR Series L (NYSE:AMX) in a report published on Tuesday. The firm currently has a $16.00 price target on the Wireless communications provider’s stock.

A number of other research analysts have also recently commented on AMX. Goldman Sachs Group initiated coverage on America Movil SAB de CV ADR Series L in a research note on Tuesday, April 3rd. They set a buy rating and a $25.00 price target on the stock. Zacks Investment Research cut America Movil SAB de CV ADR Series L from a hold rating to a strong sell rating in a research note on Tuesday, April 3rd. ValuEngine cut America Movil SAB de CV ADR Series L from a buy rating to a hold rating in a research note on Wednesday, May 9th. Deutsche Bank assumed coverage on America Movil SAB de CV ADR Series L in a research note on Monday, June 25th. They set a hold rating and a $18.00 price target on the stock. Finally, TheStreet lowered America Movil SAB de CV ADR Series L from a b- rating to a c rating in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $20.38.

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America Movil SAB de CV ADR Series L opened at $16.79 on Tuesday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.72 and a current ratio of 0.80. America Movil SAB de CV ADR Series L has a 52 week low of $14.85 and a 52 week high of $19.91. The firm has a market cap of $56.03 billion, a price-to-earnings ratio of 89.26, a PEG ratio of 1.08 and a beta of 0.57.

Several institutional investors have recently bought and sold shares of AMX. BlackRock Inc. increased its position in shares of America Movil SAB de CV ADR Series L by 29.0% during the first quarter. BlackRock Inc. now owns 16,864,666 shares of the Wireless communications provider’s stock worth $321,947,000 after acquiring an additional 3,786,269 shares during the period. American Century Companies Inc. purchased a new stake in shares of America Movil SAB de CV ADR Series L during the first quarter worth $37,166,000. USS Investment Management Ltd increased its position in shares of America Movil SAB de CV ADR Series L by 25.1% during the first quarter. USS Investment Management Ltd now owns 3,363,185 shares of the Wireless communications provider’s stock worth $62,168,000 after acquiring an additional 675,000 shares during the period. Assetmark Inc. increased its position in shares of America Movil SAB de CV ADR Series L by 1,406.9% during the first quarter. Assetmark Inc. now owns 544,563 shares of the Wireless communications provider’s stock worth $10,396,000 after acquiring an additional 508,426 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of America Movil SAB de CV ADR Series L by 220.8% during the fourth quarter. Renaissance Technologies LLC now owns 557,500 shares of the Wireless communications provider’s stock worth $9,561,000 after acquiring an additional 383,700 shares during the period. 7.50% of the stock is currently owned by institutional investors and hedge funds.

America Movil SAB de CV ADR Series L Company Profile

Am茅rica M贸vil, SAB. de C.V. provides telecommunications services in Mexico and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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Applied Materials, Inc. (AMAT) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lowered its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 28.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,848 shares of the manufacturing equipment provider’s stock after selling 4,280 shares during the period. Cullen Frost Bankers Inc.’s holdings in Applied Materials were worth $501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in Applied Materials by 10.5% in the first quarter. BlackRock Inc. now owns 76,112,124 shares of the manufacturing equipment provider’s stock worth $4,232,597,000 after purchasing an additional 7,222,175 shares during the period. Epoch Investment Partners Inc. grew its holdings in Applied Materials by 1.4% in the first quarter. Epoch Investment Partners Inc. now owns 10,550,308 shares of the manufacturing equipment provider’s stock worth $586,702,000 after purchasing an additional 144,093 shares during the period. OppenheimerFunds Inc. grew its holdings in Applied Materials by 22.6% in the first quarter. OppenheimerFunds Inc. now owns 8,151,015 shares of the manufacturing equipment provider’s stock worth $453,279,000 after purchasing an additional 1,501,992 shares during the period. Fred Alger Management Inc. grew its holdings in Applied Materials by 34.4% in the second quarter. Fred Alger Management Inc. now owns 6,835,353 shares of the manufacturing equipment provider’s stock worth $315,725,000 after purchasing an additional 1,751,306 shares during the period. Finally, LSV Asset Management grew its holdings in Applied Materials by 5.4% in the first quarter. LSV Asset Management now owns 6,764,046 shares of the manufacturing equipment provider’s stock worth $376,148,000 after purchasing an additional 344,000 shares during the period. Institutional investors own 78.51% of the company’s stock.

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A number of equities research analysts have weighed in on AMAT shares. Vetr cut shares of Applied Materials from a “strong-buy” rating to a “buy” rating and set a $63.08 price objective on the stock. in a report on Tuesday, April 17th. Zacks Investment Research cut shares of Applied Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 17th. BidaskClub cut shares of Applied Materials from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. Goldman Sachs Group cut shares of Applied Materials from a “buy” rating to a “neutral” rating in a report on Friday, May 18th. Finally, Citigroup upped their price objective on shares of Applied Materials from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, May 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Applied Materials has an average rating of “Buy” and an average target price of $63.72.

Shares of NASDAQ AMAT opened at $48.11 on Friday. The company has a market capitalization of $48.36 billion, a PE ratio of 11.79, a PEG ratio of 0.80 and a beta of 1.63. Applied Materials, Inc. has a 52-week low of $41.94 and a 52-week high of $62.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.60.

Applied Materials (NASDAQ:AMAT) last issued its earnings results on Thursday, May 17th. The manufacturing equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.08. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.45 billion. Applied Materials had a net margin of 19.24% and a return on equity of 51.65%. During the same quarter in the prior year, the firm posted $0.79 earnings per share. research analysts anticipate that Applied Materials, Inc. will post 4.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 23rd will be paid a $0.20 dividend. The ex-dividend date is Wednesday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.66%. Applied Materials’s dividend payout ratio is presently 24.62%.

Applied Materials Company Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

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