Share on StockTwits

Shares of China Mobile (NYSE:CHl) have received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Analyst Ratings.Net reports. Five research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $50.52.

CHL has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of China Mobile from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $46.20 price target on the stock. Separately, analysts at HSBC downgraded shares of China Mobile from an “overweight” rating to a “neutral” rating in a research note on Friday, March 21st.

Shares of China Mobile (NYSE:CHL) traded down 0.21% on Tuesday, hitting $48.8274. 368,187 shares of the company’s stock traded hands. China Mobile has a 52-week low of $41.35 and a 52-week high of $57.42. The stock has a 50-day moving average of $46.30 and a 200-day moving average of $49.10. The company has a market cap of $196.3 billion and a price-to-earnings ratio of 10.19.

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.