China Mobile Ltd. Reaches New 12-Month High at $62.26 (CHl)
China Mobile Ltd. (NYSE:CHl)’s share price reached a new 52-week high during trading on Thursday , AnalystRatings.Net reports. The company traded as high as $62.26 and last traded at $62.12, with a volume of 683,035 shares traded. The stock had previously closed at $61.74.
A number of research firms have recently commented on CHL. Analysts at Mizuho upgraded shares of China Mobile Ltd. from a “neutral” rating to a “buy” rating in a research note on Thursday. Separately, 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. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.97.
The stock has a 50-day moving average of $55.82 and a 200-day moving average of $49.63. The company has a market cap of $250.4 billion and a P/E ratio of 13.31.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, October 9th. Investors 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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