China Mobile Ltd. (CHL) Given Average Recommendation of “Hold” by Analysts

China Mobile Ltd. (NYSE:CHL) has earned a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company.

A number of brokerages have recently commented on CHL. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Monday, September 18th. ValuEngine upgraded China Mobile from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

China Mobile (NYSE:CHL) opened at $50.54 on Tuesday. China Mobile has a 1-year low of $48.70 and a 1-year high of $58.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHL. Vanguard Group Inc. increased its position in shares of China Mobile by 26.4% during the first quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock valued at $7,677,000 after purchasing an additional 29,022 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of China Mobile by 104.8% during the second quarter. BNP Paribas Arbitrage SA now owns 22,987 shares of the Wireless communications provider’s stock valued at $1,220,000 after purchasing an additional 11,762 shares during the period. Sawtooth Solutions LLC increased its position in shares of China Mobile by 24.4% during the second quarter. Sawtooth Solutions LLC now owns 4,753 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 933 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in shares of China Mobile by 7.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,199 shares of the Wireless communications provider’s stock valued at $860,000 after purchasing an additional 1,128 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of China Mobile by 0.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 22,978 shares of the Wireless communications provider’s stock valued at $1,220,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 2.00% of the company’s stock.

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About China Mobile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) 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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