China Mobile Stock Rating Lowered by UBS AG (CHL)
China Mobile (NYSE:CHl) was downgraded by research analysts at UBS AG from a “neutral” rating to a “sell” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Shares of China Mobile (NYSE:CHL) traded down 0.68% during mid-day trading on Tuesday, hitting $52.6196. 391,379 shares of the company’s stock traded hands. China Mobile has a one year low of $47.74 and a one year high of $59.73. The stock has a 50-day moving average of $55.72 and a 200-day moving average of $53.64. The company has a market cap of $211.5 billion and a price-to-earnings ratio of 10.38.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein initiated coverage on shares of China Mobile in a research note to investors on Thursday, October 17th. They set an “outperform” rating on the stock. Analysts at Bank of America Corp. downgraded shares of China Mobile from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 3rd. They now have a $54.84 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. China Mobile has a consensus rating of “Hold” and a consensus target price of $54.84.
China Mobile Limited provides a range of mobile telecommunications services in 31 provinces, autonomous regions and directly-administered municipalities in the People’s Republic of China, as well as in the Hong Kong Special Administrative Region of the People’s Republic of China.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.