Credit Suisse AG trimmed its position in China Mobile Ltd. (NYSE:CHL) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,305 shares of the Wireless communications provider’s stock after selling 22,709 shares during the period. Credit Suisse AG’s holdings in China Mobile were worth $22,131,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new position in shares of China Mobile during the 2nd quarter worth about $129,000. Stelac Advisory Services LLC purchased a new position in shares of China Mobile during the 3rd quarter worth about $139,000. Synovus Financial Corp lifted its holdings in shares of China Mobile by 61.2% during the 3rd quarter. Synovus Financial Corp now owns 2,938 shares of the Wireless communications provider’s stock worth $144,000 after acquiring an additional 1,115 shares during the period. Congress Park Capital LLC purchased a new position in shares of China Mobile during the 2nd quarter worth about $204,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of China Mobile during the 3rd quarter worth about $213,000. Institutional investors own 2.09% of the company’s stock.
Several research analysts have recently weighed in on the stock. Mizuho lowered shares of China Mobile from a “neutral” rating to an “underperform” rating in a report on Monday, November 19th. Credit Suisse Group lowered shares of China Mobile from an “outperform” rating to a “neutral” rating in a report on Friday, October 26th. ValuEngine upgraded shares of China Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research lowered shares of China Mobile from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.00.
CHL opened at $49.74 on Monday. China Mobile Ltd. has a 1 year low of $43.25 and a 1 year high of $53.23.
China Mobile Company Profile
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.
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