Brokerages Set China Mobile Ltd. (NYSE:CHL) Price Target at $50.83

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Shares of China Mobile Ltd. (NYSE:CHL) have been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $50.83.

Several brokerages recently weighed in on CHL. Zacks Investment Research raised China Mobile from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Credit Suisse Group raised China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 price objective for the company in a report on Wednesday, May 8th. Mizuho raised China Mobile from an “underperform” rating to a “neutral” rating in a report on Thursday, August 8th. Sanford C. Bernstein raised China Mobile from a “market perform” rating to an “outperform” rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. lowered China Mobile from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th.

China Mobile stock traded down $0.72 during midday trading on Friday, hitting $40.94. The stock had a trading volume of 2,259 shares, compared to its average volume of 968,462. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The stock has a market cap of $167.69 billion, a P/E ratio of 9.85, a P/E/G ratio of 2.14 and a beta of 0.65. China Mobile has a 12 month low of $39.77 and a 12 month high of $55.84. The business has a fifty day moving average price of $42.78 and a 200 day moving average price of $47.19.

A number of hedge funds have recently modified their holdings of CHL. Rockefeller Capital Management L.P. raised its holdings in China Mobile by 1.4% during the first quarter. Rockefeller Capital Management L.P. now owns 18,723 shares of the Wireless communications provider’s stock worth $955,000 after purchasing an additional 257 shares in the last quarter. Pinnacle Bank raised its holdings in China Mobile by 106.5% during the second quarter. Pinnacle Bank now owns 568 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of China Mobile by 43.6% in the first quarter. Cornerstone Advisors Inc. now owns 975 shares of the Wireless communications provider’s stock valued at $50,000 after buying an additional 296 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of China Mobile by 6.7% in the second quarter. TD Asset Management Inc. now owns 5,134 shares of the Wireless communications provider’s stock valued at $233,000 after buying an additional 323 shares in the last quarter. Finally, Bienville Capital Management LLC increased its holdings in shares of China Mobile by 3.3% in the first quarter. Bienville Capital Management LLC now owns 12,522 shares of the Wireless communications provider’s stock valued at $638,000 after buying an additional 399 shares in the last quarter. Institutional investors own 2.06% of the company’s stock.

China Mobile Company Profile

China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers 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.

Further Reading: Dogs of the Dow

Analyst Recommendations for China Mobile (NYSE:CHL)

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