Citigroup Reiterates Buy Rating for China Mobile (CHL)
Citigroup reiterated their buy rating on shares of China Mobile (NYSE:CHL) in a research note released on Friday morning.
A number of other research firms also recently weighed in on CHL. HSBC downgraded China Mobile from a buy rating to a hold rating in a research note on Thursday. BNP Paribas cut China Mobile from an outperform rating to a neutral rating in a research report on Wednesday, February 13th. Zacks Investment Research raised China Mobile from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Thursday, January 24th. New Street Research cut China Mobile from a neutral rating to a reduce rating in a research report on Monday, February 11th. Finally, Jefferies Financial Group raised China Mobile from a hold rating to a buy rating in a research report on Monday, March 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $58.00.
CHL stock opened at $51.89 on Friday. The company has a market capitalization of $212.49 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.86 and a beta of 0.65. China Mobile has a twelve month low of $43.25 and a twelve month high of $55.84.
China Mobile Company Profile
China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including 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.
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