China Mobile Ltd. (CHL) Receives Average Recommendation of “Hold” from Brokerages

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.

Several institutional investors have recently made changes to their positions in CHL. BlackRock Inc. boosted its stake in shares of China Mobile by 399.4% in the 2nd quarter. BlackRock Inc. now owns 3,607,415 shares of the Wireless communications provider’s stock valued at $160,133,000 after purchasing an additional 2,885,043 shares in the last quarter. Aperio Group LLC boosted its stake in shares of China Mobile by 60.9% in the 2nd quarter. Aperio Group LLC now owns 1,375,593 shares of the Wireless communications provider’s stock valued at $61,063,000 after purchasing an additional 520,734 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of China Mobile by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,405,700 shares of the Wireless communications provider’s stock valued at $195,569,000 after purchasing an additional 459,900 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of China Mobile by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,222,901 shares of the Wireless communications provider’s stock valued at $255,374,000 after purchasing an additional 341,073 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in China Mobile during the 3rd quarter valued at $15,634,000. 1.99% of the stock is owned by institutional investors.

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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Analyst Recommendations for China Mobile (NYSE:CHL)

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