Sanford C. Bernstein upgraded shares of China Mobile (NYSE:CHL) from a market perform rating to an outperform rating in a report issued on Thursday, Briefing.com Automated Import reports.
Several other brokerages have also recently commented on CHL. Mizuho raised China Mobile from an underperform rating to a neutral rating in a research note on Thursday, August 8th. Credit Suisse Group raised China Mobile from a neutral rating to an outperform rating and set a $46.65 price target for the company in a research note on Wednesday, May 8th. JPMorgan Chase & Co. cut China Mobile from an overweight rating to a neutral rating in a research report on Thursday, August 8th. ValuEngine cut China Mobile from a hold rating to a sell rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised China Mobile from a sell rating to a hold rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $53.22.
Shares of NYSE CHL opened at $42.00 on Thursday. The stock has a market cap of $171.18 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 2.15 and a beta of 0.65. The business has a 50 day simple moving average of $43.53 and a 200 day simple moving average of $47.71. China Mobile has a 52 week low of $39.77 and a 52 week high of $55.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.11 and a current ratio of 1.11.
Institutional investors have recently made changes to their positions in the business. OLD Second National Bank of Aurora bought a new stake in China Mobile during the first quarter worth approximately $25,000. Financial Gravity Wealth Inc. bought a new stake in China Mobile during the first quarter worth approximately $28,000. Pinnacle Bank boosted its position in China Mobile by 106.5% during the second quarter. Pinnacle Bank now owns 568 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 293 shares during the period. Nkcfo LLC bought a new stake in China Mobile during the first quarter worth approximately $31,000. Finally, FNY Investment Advisers LLC bought a new stake in China Mobile during the second quarter worth approximately $29,000. 2.06% of the stock is owned by hedge funds and other institutional investors.
China Mobile Company Profile
China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.
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