China Mobile (NYSE:CHL) was downgraded by research analysts at Nomura from a “buy” rating to a “neutral” rating in a report released on Monday, Marketbeat reports.
A number of other brokerages have also recently weighed in on CHL. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Monday, January 22nd. ValuEngine upgraded China Mobile from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, HSBC upgraded China Mobile from a “hold” rating to a “buy” rating in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $51.00.
Shares of China Mobile (NYSE:CHL) traded down $0.25 during trading on Monday, hitting $46.10. The stock had a trading volume of 541,679 shares, compared to its average volume of 903,273. The firm has a market cap of $187,530.00, a PE ratio of 10.77, a price-to-earnings-growth ratio of 2.11 and a beta of 0.52. China Mobile has a fifty-two week low of $45.09 and a fifty-two week high of $58.83.
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China Mobile Company Profile
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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