Macquarie Upgrades China Mobile Ltd. to Outperform (CHL)
A number of other analysts have also recently weighed in 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, August 28th. 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.97.
Shares of China Mobile Ltd. (NYSE:CHL) opened at 61.2864 on Tuesday. China Mobile Ltd. has a 52 week low of $41.35 and a 52 week high of $62.29. The stock has a 50-day moving average of $56. and a 200-day moving average of $49.74. The company has a market cap of $249.0 billion and a price-to-earnings ratio of 13.33. China Mobile Ltd. also saw unusually large options trading on Monday. Stock traders bought 2,451 call options on the company. This represents an increase of 131% compared to the average volume of 1,063 call options.
The company also recently declared a semiannual dividend, which is scheduled for Thursday, October 9th. Stockholders 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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