China Mobile (NYSE:CHl) was downgraded by equities researchers at UBS AG from a “neutral” rating to a “sell” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on CHL. Analysts at Sanford C. Bernstein initiated coverage on shares of China Mobile in a research note to investors on Thursday, October 17th. They set an “outperform” rating on the stock. Analysts at Bank of America Corp. downgraded shares of China Mobile from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 3rd. They now have a $54.84 price target on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $54.84.
China Mobile (NYSE:CHL) opened at 52.98 on Tuesday. China Mobile has a 1-year low of $47.74 and a 1-year high of $59.73. The stock’s 50-day moving average is $55.72 and its 200-day moving average is $53.64. The company has a market cap of $213.0 billion and a P/E ratio of 10.38.
China Mobile Limited provides a range of mobile telecommunications services in 31 provinces, autonomous regions and directly-administered municipalities in the People’s Republic of China, as well as in the Hong Kong Special Administrative Region of the People’s Republic of China.
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