China Mobile (NYSE:CHL) Upgraded by Zacks Investment Research to “Hold”

Share on StockTwits

China Mobile (NYSE:CHL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “China Mobile offers mobile communications services principally using Global System for Mobile Communications, or GSM, which is a pan-European mobile telephone system based on digital transmission and mobile communications network architecture with roaming capabilities. Our GSM networks reach all cities and counties and most major roads and highways in our service regions. “

A number of other brokerages have also issued reports on CHL. Credit Suisse Group set a €92.00 ($106.98) price target on Bayerische Motoren Werke and gave the company a “buy” rating in a research note on Wednesday, May 8th. Citigroup reaffirmed a “buy” rating on shares of China Mobile in a research note on Friday, March 22nd. Goldman Sachs Group set a GBX 4,300 ($56.19) price target on ASOS and gave the company a “buy” rating in a research note on Monday, April 15th. HSBC lowered China Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of ZTE/Shs H Vtg 1.00 in a research note on Monday, March 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.22.

NYSE CHL traded down $0.23 on Tuesday, reaching $44.83. 11,094 shares of the stock traded hands, compared to its average volume of 910,668. The stock’s fifty day moving average price is $44.92. The company has a market capitalization of $184.36 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. China Mobile has a 12 month low of $43.25 and a 12 month high of $55.84.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHL. LMR Partners LLP boosted its stake in shares of China Mobile by 284.8% during the 4th quarter. LMR Partners LLP now owns 1,364,132 shares of the Wireless communications provider’s stock worth $65,621,000 after acquiring an additional 1,009,613 shares in the last quarter. Matthews International Capital Management LLC boosted its stake in shares of China Mobile by 15.4% during the 1st quarter. Matthews International Capital Management LLC now owns 5,350,651 shares of the Wireless communications provider’s stock worth $272,830,000 after acquiring an additional 712,100 shares in the last quarter. Northern Trust Corp boosted its stake in shares of China Mobile by 10.8% during the 1st quarter. Northern Trust Corp now owns 3,577,829 shares of the Wireless communications provider’s stock worth $182,434,000 after acquiring an additional 348,649 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of China Mobile by 3,571.6% during the 4th quarter. Bank of New York Mellon Corp now owns 221,066 shares of the Wireless communications provider’s stock worth $10,611,000 after acquiring an additional 215,045 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of China Mobile by 118.5% during the 1st quarter. First Trust Advisors LP now owns 386,303 shares of the Wireless communications provider’s stock worth $19,698,000 after acquiring an additional 209,508 shares in the last quarter. 2.10% of the stock is owned by institutional investors and hedge funds.

About China Mobile

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.

Featured Story: How to identify percentage decliners

Get a free copy of the Zacks research report on China Mobile (CHL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for China Mobile (NYSE:CHL)

Receive News & Ratings for China Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

MarteXcoin  Achieves Market Cap of $45,278.00
MarteXcoin Achieves Market Cap of $45,278.00
RPICoin Price Tops $0.0002
RPICoin Price Tops $0.0002
Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Cision Ltd
Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Cision Ltd
Oxford Instruments plc  Given Consensus Recommendation of “Buy” by Analysts
Oxford Instruments plc Given Consensus Recommendation of “Buy” by Analysts
$2.20 Billion in Sales Expected for Dicks Sporting Goods Inc  This Quarter
$2.20 Billion in Sales Expected for Dicks Sporting Goods Inc This Quarter
$0.10 Earnings Per Share Expected for Denbury Resources Inc.  This Quarter
$0.10 Earnings Per Share Expected for Denbury Resources Inc. This Quarter


 
© 2006-2019 Zolmax.