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China Mobile Ltd. (NYSE:CHl) was downgraded by equities researchers at Sarasin from a “buy” rating to a “neutral” rating in a research report issued on Tuesday.

A number of other firms have also recently commented on CHL. Analysts at Credit Suisse downgraded shares of China Mobile Ltd. from an “outperform” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of China Mobile Ltd. in a research note on Tuesday, August 5th. They now have a $60.00 price target on the stock, up previously from $48.00. Finally, analysts at Zacks upgraded shares of China Mobile Ltd. from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $53.50 price target on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $58.17.

Shares of China Mobile Ltd. (NYSE:CHL) traded down 0.12% on Tuesday, hitting $55.155. 133,714 shares of the company’s stock traded hands. China Mobile Ltd. has a 1-year low of $41.35 and a 1-year high of $57.42. The stock has a 50-day moving average of $51.98 and a 200-day moving average of $48.50. The company has a market cap of $221.8 billion and a price-to-earnings ratio of 11.39.

China Mobile Limited is an investment holding company. The Company and its subsidiaries provide mobile telecommunications and related services in 31 provinces, autonomous regions and directly-administered municipalities in Mainland China and Hong Kong.

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