China Mobile Given Average Recommendation of “Hold” by Analysts (NYSE:CHl)
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.
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