China Mobile Ltd. (CHL) Stock Rating Upgraded by Deutsche Bank AG
China Mobile Ltd. (NYSE:CHL) was upgraded by equities research analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 11th. Goldman Sachs Group Inc. downgraded China Mobile from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, August 10th. Finally, Sanford C. Bernstein downgraded China Mobile from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th.
China Mobile (NYSE:CHL) opened at 54.66 on Monday. The company has a market cap of $223.84 billion, a price-to-earnings ratio of 13.66 and a beta of 0.51. China Mobile has a 52 week low of $50.12 and a 52 week high of $63.89. The stock has a 50 day moving average price of $59.46 and a 200 day moving average price of $59.12.
Large investors have recently bought and sold shares of the company. Kanaly Trust Co increased its stake in China Mobile by 11.1% in the third quarter. Kanaly Trust Co now owns 1,859 shares of the company’s stock valued at $114,000 after buying an additional 186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in China Mobile during the second quarter valued at $111,000. CKW Financial Group purchased a new position in China Mobile during the third quarter valued at $128,000. Tower Research Capital LLC TRC boosted its position in China Mobile by 14.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock valued at $122,000 after buying an additional 260 shares during the last quarter. Finally, Signaturefd LLC boosted its position in China Mobile by 1,873.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the company’s stock valued at $129,000 after buying an additional 2,117 shares during the last quarter. Hedge funds and other institutional investors own 1.95% of the company’s stock.
About China Mobile
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.
Receive News & Stock Ratings for China Mobile Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile Ltd. and related stocks with our FREE daily email newsletter.