China Mobile Ltd. (NYSE:CHL) has been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Two 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. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $50.83.
A number of brokerages have issued reports on CHL. ValuEngine raised China Mobile from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Sanford C. Bernstein raised China Mobile from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 15th. Finally, Zacks Investment Research cut China Mobile from a “hold” rating to a “sell” rating in a research report on Monday, November 11th.
A number of institutional investors have recently made changes to their positions in CHL. Capital Fund Management S.A. lifted its holdings in shares of China Mobile by 83.4% during the second quarter. Capital Fund Management S.A. now owns 82,241 shares of the Wireless communications provider’s stock worth $3,725,000 after buying an additional 37,400 shares during the last quarter. AMG National Trust Bank acquired a new position in shares of China Mobile during the second quarter worth approximately $2,075,000. Stonebridge Capital Advisors LLC acquired a new position in shares of China Mobile during the second quarter worth approximately $50,000. First Trust Advisors LP lifted its holdings in shares of China Mobile by 19.5% during the second quarter. First Trust Advisors LP now owns 461,548 shares of the Wireless communications provider’s stock worth $20,904,000 after buying an additional 75,245 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of China Mobile during the second quarter worth approximately $102,000. 1.89% of the stock is owned by hedge funds and other institutional investors.
China Mobile stock traded down $0.10 during trading hours on Tuesday, reaching $37.71. 1,018,161 shares of the company were exchanged, compared to its average volume of 866,410. The firm has a market cap of $154.84 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.95 and a beta of 0.54. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $39.93 and a 200 day moving average of $42.36. China Mobile has a 12 month low of $37.44 and a 12 month high of $55.84.
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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