China Mobile Ltd. (CHL) Receives Average Rating of “Hold” from Analysts

China Mobile Ltd. (NYSE:CHL) has earned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company.

Several analysts have weighed in on CHL shares. ValuEngine raised shares of China Mobile from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th.

Shares of China Mobile (NYSE CHL) opened at $47.48 on Wednesday. The firm has a market cap of $192,610.00, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 2.29 and a beta of 0.41. China Mobile has a one year low of $46.83 and a one year high of $58.83.

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in shares of China Mobile by 18.6% during the third quarter. Parallel Advisors LLC now owns 6,668 shares of the Wireless communications provider’s stock valued at $341,000 after acquiring an additional 1,045 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of China Mobile by 7.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 16,543 shares of the Wireless communications provider’s stock valued at $836,000 after acquiring an additional 1,177 shares during the last quarter. BlueCrest Capital Management Ltd raised its stake in shares of China Mobile by 24.3% during the fourth quarter. BlueCrest Capital Management Ltd now owns 6,215 shares of the Wireless communications provider’s stock valued at $314,000 after acquiring an additional 1,215 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of China Mobile by 61.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,237 shares of the Wireless communications provider’s stock valued at $164,000 after acquiring an additional 1,237 shares during the last quarter. Finally, SevenBridge Financial Group LLC raised its stake in shares of China Mobile by 229.4% during the fourth quarter. SevenBridge Financial Group LLC now owns 2,141 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 1,491 shares during the last quarter. 1.93% of the stock is owned by institutional investors and hedge funds.

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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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