China Mobile Ltd. (NYSE:CHL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “China Mobile offers mobile communications services principally using Global System for Mobile Communications, or GSM, which is a pan-European mobile telephone system based on digital transmission and mobile communications network architecture with roaming capabilities. Our GSM networks reach all cities and counties and most major roads and highways in our service regions. “

Several other research firms have also issued reports on CHL. HSBC Holdings plc lowered China Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, March 23rd. Deutsche Bank AG upgraded China Mobile from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $68.00.

Shares of China Mobile (NYSE:CHL) traded up 0.11% during trading on Monday, reaching $53.38. The company’s stock had a trading volume of 567,877 shares. The firm’s 50-day moving average is $54.98 and its 200 day moving average is $55.34. China Mobile has a 52-week low of $51.73 and a 52-week high of $63.89. The company has a market cap of $218.60 billion, a PE ratio of 13.74 and a beta of 0.47.

The company also recently announced a semiannual dividend, which will be paid on Monday, July 10th. Stockholders of record on Friday, June 2nd will be given a $0.80 dividend. This represents a dividend yield of 2.94%. The ex-dividend date is Wednesday, May 31st.

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Institutional investors have recently bought and sold shares of the stock. BlackRock Group LTD increased its position in China Mobile by 1.2% in the third quarter. BlackRock Group LTD now owns 178,869 shares of the Wireless communications provider’s stock valued at $11,004,000 after buying an additional 2,178 shares during the last quarter. Pekin Singer Strauss Asset Management IL increased its position in China Mobile by 29.2% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 189,866 shares of the Wireless communications provider’s stock valued at $9,955,000 after buying an additional 42,889 shares during the last quarter. LMR Partners LLP purchased a new position in China Mobile during the third quarter valued at approximately $9,511,000. Reilly Financial Advisors LLC increased its position in China Mobile by 6.6% in the first quarter. Reilly Financial Advisors LLC now owns 17,771 shares of the Wireless communications provider’s stock valued at $981,000 after buying an additional 1,108 shares during the last quarter. Finally, Northern Trust Corp increased its position in China Mobile by 3.6% in the third quarter. Northern Trust Corp now owns 1,648,830 shares of the Wireless communications provider’s stock valued at $101,436,000 after buying an additional 56,862 shares during the last quarter. 1.88% of the stock is currently owned by institutional investors.

About China Mobile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

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