China Mobile Ltd. (NYSE:CHL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of China Mobile Ltd. (NYSE:CHL) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $50.83.

CHL has been the subject of several recent research reports. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. HSBC lowered shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Goldman Sachs Group set a GBX 4,300 ($56.19) target price on shares of ASOS and gave the company a “buy” rating in a research note on Monday, April 15th. Credit Suisse Group set a €92.00 ($106.98) target price on shares of Bayerische Motoren Werke and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, Citigroup reissued a “buy” rating on shares of China Mobile in a research note on Friday, March 22nd.

CHL stock traded down $0.16 on Friday, hitting $44.65. 354,127 shares of the company’s stock traded hands, compared to its average volume of 560,618. China Mobile has a 1-year low of $43.25 and a 1-year high of $55.84. The firm has a market cap of $183.50 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 2.50 and a beta of 0.61. The stock’s fifty day moving average is $44.88.

Several large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its position in shares of China Mobile by 1.4% in the 1st quarter. Rockefeller Capital Management L.P. now owns 18,723 shares of the Wireless communications provider’s stock valued at $955,000 after acquiring an additional 257 shares in the last quarter. Lindbrook Capital LLC increased its stake in China Mobile by 48.6% in the 1st quarter. Lindbrook Capital LLC now owns 850 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 278 shares during the period. Pinnacle Bank increased its stake in China Mobile by 106.5% in the 2nd quarter. Pinnacle Bank now owns 568 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 293 shares during the period. Cornerstone Advisors Inc. increased its stake in China Mobile by 43.6% in the 1st quarter. Cornerstone Advisors Inc. now owns 975 shares of the Wireless communications provider’s stock valued at $50,000 after buying an additional 296 shares during the period. Finally, MML Investors Services LLC increased its stake in China Mobile by 2.7% in the 4th quarter. MML Investors Services LLC now owns 11,948 shares of the Wireless communications provider’s stock valued at $573,000 after buying an additional 309 shares during the period. Institutional investors and hedge funds own 2.10% of the company’s stock.

About China Mobile

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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Analyst Recommendations for China Mobile (NYSE:CHL)

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