China Mobile Ltd. Raised to Buy at Mizuho (CHL)
Several other analysts have also recently commented on the stock. 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. 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $61.97.
Shares of China Mobile Ltd. (NYSE:CHL) traded up 0.21% during mid-day trading on Thursday, hitting $61.87. The stock had a trading volume of 277,408 shares. China Mobile Ltd. has a 52-week low of $41.35 and a 52-week high of $62.20. The stock’s 50-day moving average is $55.47 and its 200-day moving average is $49.55. The company has a market cap of $250.1 billion and a price-to-earnings ratio of 13.31.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, October 9th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.9935 per share. This represents a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, September 2nd.
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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