China Mobile Ltd. (NYSE:CHL) – Research analysts at Jefferies Financial Group dropped their FY2018 earnings per share (EPS) estimates for shares of China Mobile in a research note issued to investors on Sunday, November 4th. Jefferies Financial Group analyst A. Lee now expects that the Wireless communications provider will post earnings per share of $4.18 for the year, down from their prior forecast of $4.25. Jefferies Financial Group also issued estimates for China Mobile’s FY2022 earnings at $3.76 EPS.
CHL has been the topic of several other reports. Credit Suisse Group downgraded China Mobile from an “outperform” rating to a “neutral” rating in a report on Friday, October 26th. ValuEngine upgraded China Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, October 9th. Finally, BNP Paribas downgraded China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $56.00.
CHL stock opened at $46.91 on Tuesday. China Mobile has a 52-week low of $43.25 and a 52-week high of $53.23. The company has a market cap of $190.14 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 2.72 and a beta of 0.65.
Hedge funds and other institutional investors have recently modified their holdings of the company. NumerixS Investment Technologies Inc bought a new stake in shares of China Mobile in the 2nd quarter valued at approximately $129,000. Synovus Financial Corp increased its holdings in shares of China Mobile by 61.2% in the 3rd quarter. Synovus Financial Corp now owns 2,938 shares of the Wireless communications provider’s stock valued at $144,000 after acquiring an additional 1,115 shares during the last quarter. Congress Park Capital LLC bought a new stake in shares of China Mobile in the 2nd quarter valued at approximately $204,000. HighPoint Advisor Group LLC bought a new stake in shares of China Mobile in the 3rd quarter valued at approximately $213,000. Finally, Cozad Asset Management Inc. bought a new stake in shares of China Mobile in the 2nd quarter valued at approximately $219,000. Institutional investors and hedge funds own 1.99% of the company’s stock.
The company also recently declared a special dividend, which was paid on Tuesday, October 9th. Stockholders of record on Friday, September 7th were issued a $1.1631 dividend. This represents a dividend yield of 4.2%. This is an increase from China Mobile’s previous special dividend of $1.01. The ex-dividend date was Thursday, September 6th. China Mobile’s payout ratio is 50.85%.
About China Mobile
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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