Zacks Upgrades China Mobile Ltd. to Outperform (CHL)
China Mobile Ltd. (NYSE:CHl) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The firm currently has a $64.90 target price on the stock. Zacks‘s target price would indicate a potential upside of 6.32% from the stock’s previous close.
Shares of China Mobile Ltd. (NYSE:CHL) traded down 0.74% during mid-day trading on Tuesday, hitting $60.59. The stock had a trading volume of 589,229 shares. 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 $244.9 billion and a price-to-earnings ratio of 13.16.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at BNP Paribas downgraded shares of China Mobile Ltd. to a “hold” rating in a research note on Tuesday, August 12th. Finally, analysts at Sarasin downgraded shares of China Mobile Ltd. from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. China Mobile Ltd. currently has a consensus rating of “Hold” and an average target price of $61.97.
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.
To view Zacks’ full report, visit Zacks’ official website.
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