China Mobile Ltd. Sees Unusually Large Options Volume (CHL)
China Mobile Ltd. (NYSE:CHl) was the target of unusually large options trading activity on Monday. Stock investors purchased 2,451 call options on the stock, AnalystRatings.Net reports. This represents an increase of approximately 131% compared to the typical daily volume of 1,063 call options.
Several analysts have recently commented on the stock. 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, August 26th. 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 given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $61.97.
China Mobile Ltd. (NYSE:CHL) traded up 0.55% during mid-day trading on Monday, hitting $62.28. 742,761 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 $62.29. The stock’s 50-day moving average is $56. and its 200-day moving average is $49.74. The company has a market cap of $253.0 billion and a P/E ratio of 13.33.
The company also recently announced a semiannual dividend, which is scheduled for Thursday, October 9th. Investors of record on Thursday, September 4th will be paid a dividend of $0.9935 per share. This represents a dividend 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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