China Mobile Ltd. (ADR) Declares Semiannual Dividend of $0.99 (CHL)
China Mobile Ltd. (NYSE:CHL) announced a semiannual dividend on Tuesday, August 26th, Stock Ratings Network reports. Stockholders of record on Thursday, September 4th will be paid a dividend of 0.9935 per share on Thursday, October 9th. This represents a dividend yield of 3.28%. The ex-dividend date is Tuesday, September 2nd.
A number of research firms have recently commented on CHL. Analysts at Zacks upgraded shares of China Mobile Ltd. from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $64.90 price target on the stock. On a related note, analysts at Mizuho upgraded shares of China Mobile Ltd. from an “underperform” rating to a “neutral” rating in a research note on Friday, August 15th. Finally, analysts at BNP Paribas downgraded shares of China Mobile Ltd. to a “hold” rating in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. China Mobile Ltd. presently has a consensus rating of “Hold” and an average target price of $61.97.
Shares of China Mobile Ltd. (NYSE:CHL) traded down 0.85% on Tuesday, hitting $60.52. 1,094,383 shares of the company’s stock traded hands. China Mobile Ltd. has a one year low of $41.35 and a one year high of $62.20. The stock has a 50-day moving average of $54.99 and a 200-day moving average of $49.36. The company has a market cap of $244.6 billion and a P/E ratio of 13.16.
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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