China Mobile Ltd. (NYSE:CHL) has been given an average recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $58.00.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of China Mobile from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Monday, January 22nd. ValuEngine upgraded shares of China Mobile from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
Several institutional investors and hedge funds have recently made changes to their positions in CHL. BlackRock Inc. increased its holdings in shares of China Mobile by 9.9% in the 2nd quarter. BlackRock Inc. now owns 3,421,778 shares of the Wireless communications provider’s stock valued at $181,663,000 after purchasing an additional 306,835 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of China Mobile by 102.3% in the 2nd quarter. Vanguard Group Inc. now owns 281,156 shares of the Wireless communications provider’s stock valued at $14,926,000 after purchasing an additional 142,145 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of China Mobile by 8.7% in the 2nd quarter. MML Investors Services LLC now owns 4,529 shares of the Wireless communications provider’s stock valued at $240,000 after purchasing an additional 363 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of China Mobile by 5.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 475,511 shares of the Wireless communications provider’s stock valued at $25,245,000 after purchasing an additional 24,007 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in shares of China Mobile in the 2nd quarter valued at about $1,152,000. Institutional investors and hedge funds own 2.00% of the company’s stock.
Shares of China Mobile (NYSE CHL) traded down $0.17 during trading on Friday, reaching $52.44. 675,725 shares of the company’s stock were exchanged, compared to its average volume of 876,807. The stock has a market cap of $215,640.00, a P/E ratio of 12.28, a P/E/G ratio of 2.53 and a beta of 0.31. China Mobile has a 52 week low of $48.70 and a 52 week high of $58.83.
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About China Mobile
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.
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