China Mobile Ltd. Stock Rating Lowered by BNP Paribas (CHL)
Shares of China Mobile Ltd. (NYSE:CHL) traded up 0.24% on Tuesday, hitting $55.35. The stock had a trading volume of 645,156 shares. 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 $222.5 billion and a price-to-earnings ratio of 11.39.
Several other analysts have also recently commented on the stock. Analysts at Sarasin downgraded shares of China Mobile Ltd. from a “buy” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at Credit Suisse downgraded shares of China Mobile Ltd. from an “outperform” rating to a “neutral” rating in a research note on Monday. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. China Mobile Ltd. presently has a consensus rating of “Hold” and an average target price of $58.17.
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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