Jefferies Group Upgrades China Mobile (CHL) to Hold

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.

How to Become a New Pot Stock Millionaire

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.

Several large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in China Mobile by 21.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 56,870 shares of the Wireless communications provider’s stock valued at $2,874,000 after acquiring an additional 10,188 shares during the last quarter. Letko Brosseau & Associates Inc. boosted its holdings in China Mobile by 3.5% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 668,475 shares of the Wireless communications provider’s stock valued at $33,785,000 after acquiring an additional 22,450 shares during the last quarter. SevenBridge Financial Group LLC boosted its holdings in China Mobile by 229.4% in the fourth quarter. SevenBridge Financial Group LLC now owns 2,141 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 1,491 shares during the last quarter. Cullen Capital Management LLC boosted its holdings in China Mobile by 35.1% in the fourth quarter. Cullen Capital Management LLC now owns 78,700 shares of the Wireless communications provider’s stock valued at $3,977,000 after acquiring an additional 20,450 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in China Mobile by 122.5% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 308,804 shares of the Wireless communications provider’s stock valued at $15,607,000 after acquiring an additional 170,000 shares during the last quarter. Institutional investors own 1.92% of the company’s stock.

WARNING: This report was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3294767/jefferies-group-upgrades-china-mobile-chl-to-hold.html.

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.

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.

Latest News

Banco Macro  Downgraded by Zacks Investment Research to Hold
Banco Macro Downgraded by Zacks Investment Research to Hold
Caterpillar  Raised to Buy at Zacks Investment Research
Caterpillar Raised to Buy at Zacks Investment Research
Citizens  Lifted to “Buy” at ValuEngine
Citizens Lifted to “Buy” at ValuEngine
ValuEngine Lowers CNA Financial  to Buy
ValuEngine Lowers CNA Financial to Buy
Campbell Soup  Upgraded by Zacks Investment Research to Buy
Campbell Soup Upgraded by Zacks Investment Research to Buy
Sanchez Energy  Expected to Announce Earnings of $0.20 Per Share
Sanchez Energy Expected to Announce Earnings of $0.20 Per Share


© 2006-2018 Ticker Report. Google+.