Sanford C. Bernstein upgraded shares of China Mobile (NYSE:CHL) from a market perform rating to an outperform rating in a report published on Thursday morning, Briefing.com Automated Import reports.
CHL has been the subject of several other research reports. Credit Suisse Group upgraded shares of China Mobile from a neutral rating to an outperform rating and set a $46.65 target price for the company in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of China Mobile from a sell rating to a hold rating in a report on Friday, August 2nd. ValuEngine downgraded shares of China Mobile from a hold rating to a sell rating in a report on Thursday, August 1st. Mizuho upgraded shares of China Mobile from an underperform rating to a neutral rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. downgraded shares of China Mobile from an overweight rating to a neutral rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $53.22.
China Mobile stock opened at $42.00 on Thursday. China Mobile has a fifty-two week low of $39.77 and a fifty-two week high of $55.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50 day moving average price of $43.53 and a 200 day moving average price of $47.71. The company has a market capitalization of $171.18 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.15 and a beta of 0.65.
Institutional investors have recently bought and sold shares of the stock. OLD Second National Bank of Aurora purchased a new position in China Mobile in the 1st quarter valued at approximately $25,000. Pinnacle Bank lifted its position in shares of China Mobile by 106.5% during the 2nd quarter. Pinnacle Bank now owns 568 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of China Mobile during the 1st quarter worth $28,000. FNY Investment Advisers LLC purchased a new stake in shares of China Mobile during the 2nd quarter worth $29,000. Finally, Nkcfo LLC purchased a new stake in shares of China Mobile during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 2.09% of the company’s stock.
China Mobile Company Profile
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.
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