China Mobile (NYSE:CHL) – Equities researchers at Jefferies Group increased their FY2018 earnings per share estimates for shares of China Mobile in a research report issued on Tuesday, April 17th. Jefferies Group analyst A. Lee now anticipates that the Wireless communications provider will post earnings per share of $4.39 for the year, up from their prior estimate of $4.33. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for China Mobile’s FY2019 earnings at $4.16 EPS, FY2020 earnings at $4.02 EPS and FY2021 earnings at $3.87 EPS.
Several other research analysts have also weighed in on the company. HSBC upgraded China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 5th. Zacks Investment Research lowered China Mobile from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Nomura lowered China Mobile from a “buy” rating to a “neutral” rating in a report on Monday, March 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.00.
NYSE:CHL opened at $46.43 on Thursday. China Mobile has a 12-month low of $44.55 and a 12-month high of $56.93. The firm has a market capitalization of $190,954.38, a PE ratio of 11.24, a P/E/G ratio of 2.20 and a beta of 0.54.
The firm also recently announced a special dividend, which will be paid on Monday, July 9th. Shareholders of record on Thursday, May 24th will be issued a dividend of $1.0082 per share. The ex-dividend date of this dividend is Wednesday, May 23rd. China Mobile’s dividend payout ratio is presently 39.95%.
Hedge funds have recently bought and sold shares of the business. Credit Capital Investments LLC bought a new position in China Mobile during the fourth quarter worth about $2,274,000. Raymond James & Associates lifted its holdings in China Mobile by 4.6% during the fourth quarter. Raymond James & Associates now owns 100,117 shares of the Wireless communications provider’s stock worth $5,060,000 after acquiring an additional 4,436 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in China Mobile by 104.0% during the fourth quarter. Eqis Capital Management Inc. now owns 13,508 shares of the Wireless communications provider’s stock worth $683,000 after acquiring an additional 6,885 shares in the last quarter. Stifel Financial Corp lifted its holdings in China Mobile by 10.5% during the third quarter. Stifel Financial Corp now owns 38,120 shares of the Wireless communications provider’s stock worth $1,928,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of China Mobile by 9.5% in the fourth quarter. Mondrian Investment Partners LTD now owns 973,115 shares of the Wireless communications provider’s stock valued at $49,181,000 after purchasing an additional 84,190 shares in the last quarter. Hedge funds and other institutional investors own 1.92% of the company’s stock.
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China Mobile Company Profile
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including 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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