China Mobile (CHL) Downgraded to “Neutral” at BNP Paribas

China Mobile (NYSE:CHL) was downgraded by BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Thursday, January 24th. Nomura raised shares of China Mobile from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. New Street Research cut shares of China Mobile from a “buy” rating to a “neutral” rating in a report on Tuesday, January 22nd. Credit Suisse Group cut shares of China Mobile from an “outperform” rating to a “neutral” rating in a report on Friday, October 26th. Finally, Mizuho cut shares of China Mobile from a “neutral” rating to an “underperform” rating in a research note on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. China Mobile presently has a consensus rating of “Hold” and an average target price of $58.00.

China Mobile stock traded up $0.31 during mid-day trading on Wednesday, reaching $52.82. The company had a trading volume of 3,345 shares, compared to its average volume of 1,148,093. China Mobile has a 1 year low of $43.25 and a 1 year high of $53.44. The stock has a market cap of $215.03 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.08 and a beta of 0.63.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legacy Financial Advisors Inc. increased its stake in shares of China Mobile by 50.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 892 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 298 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of China Mobile by 121.2% during the 3rd quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 349 shares in the last quarter. Unison Advisors LLC grew its stake in China Mobile by 1.6% in the 4th quarter. Unison Advisors LLC now owns 23,523 shares of the Wireless communications provider’s stock worth $1,129,000 after acquiring an additional 364 shares during the period. Cerity Partners LLC grew its stake in China Mobile by 8.9% in the 4th quarter. Cerity Partners LLC now owns 6,080 shares of the Wireless communications provider’s stock worth $292,000 after acquiring an additional 495 shares during the period. Finally, Creative Planning grew its stake in China Mobile by 12.5% in the 4th quarter. Creative Planning now owns 5,105 shares of the Wireless communications provider’s stock worth $245,000 after acquiring an additional 568 shares during the period. 2.09% of the stock is owned by institutional investors and hedge funds.

About China Mobile

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.

See Also: Market Capitalization in the Stock Market

Analyst Recommendations for China Mobile (NYSE:CHL)

Receive News & Ratings for China Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply