China Mobile Ltd. Upgraded by Mizuho to Neutral (CHL)
China Mobile Ltd. (NYSE:CHl) was upgraded by equities research analysts at Mizuho from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Shares of China Mobile Ltd. (NYSE:CHL) opened at 58.35 on Friday. China Mobile Ltd. has a 1-year low of $41.35 and a 1-year high of $58.85. The stock’s 50-day moving average is $52.73 and its 200-day moving average is $48.67. The company has a market cap of $234.6 billion and a price-to-earnings ratio of 11.64.
Other equities research analysts have also recently issued reports about 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. China Mobile Ltd. presently has an average rating of “Hold” and a consensus 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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