China Mobile Ltd. (NYSE:CHL) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company.
A number of equities analysts have recently commented on the stock. Mizuho lowered shares of China Mobile from a “neutral” rating to an “underperform” rating in a report on Monday, November 19th. Credit Suisse Group cut shares of China Mobile from an “outperform” rating to a “neutral” rating in a research note on Friday, October 26th. ValuEngine raised shares of China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, October 9th. Finally, BNP Paribas cut shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st.
Shares of NYSE:CHL traded up $1.57 during trading on Friday, reaching $49.65. The company had a trading volume of 58,053 shares, compared to its average volume of 749,130. The firm has a market capitalization of $196.89 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 2.83 and a beta of 0.65. China Mobile has a 12 month low of $43.25 and a 12 month high of $53.23.
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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