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China Mobile Ltd. (NYSE:CHl) shares reached a new 52-week high on Thursday , AR Network reports. The stock traded as high as $58.85 and last traded at $58.38, with a volume of 1,922,910 shares changing hands. The stock had previously closed at $56.55.

Several analysts have recently commented on the stock. Analysts at BNP Paribas downgraded shares of China Mobile Ltd. to a “hold” rating in a research note on Tuesday. Separately, analysts at Sarasin downgraded shares of China Mobile Ltd. from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, analysts at Credit Suisse downgraded shares of China Mobile Ltd. from an “outperform” rating to a “neutral” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. China Mobile Ltd. presently has a consensus rating of “Hold” and an average price target of $58.17.

The stock has a 50-day moving average of $52.44 and a 200-day moving average of $48.60. The company has a market cap of $234.6 billion and a P/E ratio of 11.65.

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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