China Mobile Ltd. (NYSE:CHL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “China Mobile offers mobile communications services principally using Global System for Mobile Communications, or GSM, which is a pan-European mobile telephone system based on digital transmission and mobile communications network architecture with roaming capabilities. Our GSM networks reach all cities and counties and most major roads and highways in our service regions. “

A number of other research firms have also commented on CHL. Goldman Sachs Group Inc. lowered China Mobile from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, August 10th. Sanford C. Bernstein lowered China Mobile from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. Finally, Deutsche Bank AG raised China Mobile from a “hold” rating to a “buy” rating in a report on Monday, November 14th.

China Mobile (NYSE:CHL) traded down 0.52% during trading on Wednesday, hitting $53.90. The stock had a trading volume of 518,798 shares. The company has a 50-day moving average of $57.77 and a 200-day moving average of $58.95. The stock has a market capitalization of $220.73 billion, a P/E ratio of 13.48 and a beta of 0.51. China Mobile has a 52 week low of $50.12 and a 52 week high of $63.89.

A number of institutional investors have recently made changes to their positions in the company. Telemus Capital LLC raised its position in shares of China Mobile by 7.9% in the second quarter. Telemus Capital LLC now owns 8,316 shares of the company’s stock worth $481,000 after buying an additional 612 shares during the last quarter. Harding Loevner LP raised its position in shares of China Mobile by 6.9% in the second quarter. Harding Loevner LP now owns 3,955,515 shares of the company’s stock worth $229,024,000 after buying an additional 254,720 shares during the last quarter. Private Bank & Trust Co. raised its position in shares of China Mobile by 27.7% in the second quarter. Private Bank & Trust Co. now owns 4,708 shares of the company’s stock worth $273,000 after buying an additional 1,022 shares during the last quarter. MAI Capital Management raised its position in shares of China Mobile by 9.8% in the second quarter. MAI Capital Management now owns 9,285 shares of the company’s stock worth $538,000 after buying an additional 825 shares during the last quarter. Finally, Naples Global Advisors LLC raised its position in shares of China Mobile by 1.3% in the second quarter. Naples Global Advisors LLC now owns 25,275 shares of the company’s stock worth $1,463,000 after buying an additional 315 shares during the last quarter. Institutional investors own 1.94% of the company’s stock.

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China Mobile Company Profile

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.

5 Day Chart for NYSE:CHL

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