China Mobile (CHL) Earns “Buy” Rating from Citigroup

Citigroup restated their buy rating on shares of China Mobile (NYSE:CHL) in a report issued on Friday.

A number of other research firms have also commented on CHL. BNP Paribas lowered shares of China Mobile from an outperform rating to a neutral rating in a research note on Wednesday, February 13th. Nomura raised shares of China Mobile from a neutral rating to a buy rating in a research note on Monday, January 7th. HSBC lowered shares of China Mobile from a buy rating to a hold rating in a research note on Thursday. New Street Research lowered shares of China Mobile from a neutral rating to a reduce rating in a research note on Monday, February 11th. Finally, Zacks Investment Research lowered shares of China Mobile from a hold rating to a sell rating in a research note on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. China Mobile has an average rating of Hold and a consensus price target of $58.00.

China Mobile stock traded down $1.01 during mid-day trading on Friday, hitting $51.89. The company’s stock had a trading volume of 851,581 shares, compared to its average volume of 855,208. China Mobile has a twelve month low of $43.25 and a twelve month high of $55.84. The firm has a market cap of $216.63 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 2.92 and a beta of 0.65.

A number of institutional investors have recently bought and sold shares of CHL. Lindbrook Capital LLC acquired a new position in China Mobile in the 4th quarter worth approximately $27,000. Sontag Advisory LLC acquired a new position in China Mobile in the 4th quarter worth approximately $28,000. Cornerstone Advisors Inc. boosted its stake in China Mobile by 121.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 349 shares during the period. Global Retirement Partners LLC boosted its stake in China Mobile by 1,169.5% in the 4th quarter. Global Retirement Partners LLC now owns 749 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 690 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new position in China Mobile in the 4th quarter worth approximately $38,000. 2.02% of the stock is owned by hedge funds and other institutional investors.

China Mobile Company Profile

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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