China Mobile (NYSE:CHL) was upgraded by equities research analysts at Jefferies Group from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other brokerages have also weighed in on CHL. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, February 14th. Nomura lowered China Mobile from a “buy” rating to a “neutral” rating in a research note on Monday, March 12th. ValuEngine upgraded China Mobile from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, HSBC upgraded China Mobile from a “hold” rating to a “buy” rating in a research note on Monday, March 5th. One equities research 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. China Mobile presently has a consensus rating of “Hold” and a consensus target price of $51.00.
Shares of China Mobile stock opened at $44.56 on Thursday. China Mobile has a 12 month low of $44.55 and a 12 month high of $56.93.
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About China Mobile
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. It offers voice services, including local calls; domestic and international long distance calls and roaming services; and voice value-added services, such as caller identity display, call waiting, conference calls, and others.
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