China Mobile Ltd. (CHL) Downgraded by Goldman Sachs Group Inc. to “Neutral”
China Mobile Ltd. (NYSE:CHL) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued on Thursday.
Separately, Deutsche Bank AG cut shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th.
China Mobile (NYSE:CHL) traded up 0.19% during mid-day trading on Thursday, reaching $62.47. 256,152 shares of the company’s stock traded hands. China Mobile has a 12-month low of $50.12 and a 12-month high of $63.89. The stock has a 50 day moving average of $62.03 and a 200 day moving average of $58.14. The company has a market cap of $255.82 billion, a P/E ratio of 15.27 and a beta of 0.39.
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The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.9599 per share. This represents a dividend yield of 3.03%. This is a boost from China Mobile’s previous semiannual dividend of $0.89. The ex-dividend date is Tuesday, August 30th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHL. Matthews International Capital Management LLC boosted its position in China Mobile by 3.4% in the second quarter. Matthews International Capital Management LLC now owns 6,257,915 shares of the company’s stock valued at $362,333,000 after buying an additional 205,500 shares during the last quarter. FMR LLC raised its stake in shares of China Mobile by 20.9% in the second quarter. FMR LLC now owns 3,964,469 shares of the company’s stock valued at $229,543,000 after buying an additional 684,998 shares during the period. Harding Loevner LP raised its stake in shares of China Mobile by 6.9% in the second quarter. Harding Loevner LP now owns 3,955,515 shares of the company’s stock valued at $229,024,000 after buying an additional 254,720 shares during the period. Cambiar Investors LLC raised its stake in shares of China Mobile by 11.2% in the second quarter. Cambiar Investors LLC now owns 2,978,031 shares of the company’s stock valued at $172,428,000 after buying an additional 299,787 shares during the period. Finally, Scharf Investments LLC raised its stake in shares of China Mobile by 5.4% in the second quarter. Scharf Investments LLC now owns 1,879,468 shares of the company’s stock valued at $108,821,000 after buying an additional 95,683 shares during the period. 1.90% of the stock is owned by hedge funds and other institutional investors.
China Mobile Company Profile
China Mobile Limited is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company’s businesses primarily consist of voice business and data business.
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