China Mobile Adr Price Target Raised to $34.00 at Barclays (CMGE)
Stock analysts at Barclays boosted their price objective on shares of China Mobile Adr (NASDAQ:CMGE) from $32.00 to $34.00 in a report issued on Tuesday. Barclays’ price objective indicates a potential upside of 67.98% from the stock’s previous close.
A number of other firms have also recently commented on CMGE. Analysts at Nomura initiated coverage on shares of China Mobile Adr in a research note on Monday. They set a “buy” rating and a $32.00 price target on the stock. Analysts at Brean Capital raised their price target on shares of China Mobile Adr from $28.00 to $45.00 in a research note on Thursday, February 27th.
China Mobile Adr (NASDAQ:CMGE) traded up 1.28% on Tuesday, hitting $20.50. The stock had a trading volume of 167,126 shares. China Mobile Adr has a 52 week low of $10.05 and a 52 week high of $40.31. The stock has a 50-day moving average of $18.89 and a 200-day moving average of $24.24. The company has a market cap of $636.6 million and a P/E ratio of 43.71.
China Mobile Adr (NASDAQ:CMGE) last issued its quarterly earnings data on Friday, May 16th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. The company had revenue of $34.50 million for the quarter, compared to the consensus estimate of $30.23 million. The company’s revenue for the quarter was up 488.2% on a year-over-year basis. On average, analysts predict that China Mobile Adr will post $1.19 earnings per share for the current fiscal year.
China Mobile Games and Entertainment Group Limited (NASDAQ:CMGE) is a holding company.
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