China Mobile Ltd. (CHL) Downgraded to “Neutral” at Goldman Sachs Group Inc.
China Mobile Ltd. (NYSE:CHL) was downgraded by analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.
Separately, Deutsche Bank AG lowered China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th.
China Mobile (NYSE:CHL) traded up 0.26% during trading on Thursday, hitting $62.51. The stock had a trading volume of 314,298 shares. China Mobile has a 12-month low of $50.12 and a 12-month high of $63.89. The company 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 $255.98 billion, a P/E ratio of 15.28 and a beta of 0.39.
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The business also recently announced 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 an increase from China Mobile’s previous semiannual dividend of $0.89. The ex-dividend date of this dividend is Tuesday, August 30th.
Several large investors have recently made changes to their positions in CHL. BB&T Securities LLC increased its stake in shares of China Mobile by 11.5% in the first quarter. BB&T Securities LLC now owns 12,566 shares of the company’s stock valued at $696,000 after buying an additional 1,293 shares in the last quarter. M&T Bank Corp raised its position in China Mobile by 13.3% in the first quarter. M&T Bank Corp now owns 32,110 shares of the company’s stock valued at $1,781,000 after buying an additional 3,764 shares during the last quarter. Bessemer Group Inc. raised its position in China Mobile by 54.1% in the first quarter. Bessemer Group Inc. now owns 202,600 shares of the company’s stock valued at $11,234,000 after buying an additional 71,120 shares during the last quarter. BlackRock Group LTD raised its position in China Mobile by 11.9% in the first quarter. BlackRock Group LTD now owns 125,530 shares of the company’s stock valued at $6,961,000 after buying an additional 13,398 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware raised its position in China Mobile by 1.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 25,999 shares of the company’s stock valued at $1,442,000 after buying an additional 455 shares during the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.
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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