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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Edgbaston Investment Partners LLP lifted its position in shares of China Mobile by 0.5% in the third quarter. Edgbaston Investment Partners LLP now owns 1,048,238 shares of the Wireless communications provider’s stock valued at $51,290,000 after buying an additional 4,700 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in China Mobile by 1,361.2% during the 4th quarter. Quadrant Capital Group LLC now owns 5,085 shares of the Wireless communications provider’s stock worth $240,000 after purchasing an additional 4,737 shares during the last quarter. Sensato Investors LLC acquired a new stake in China Mobile during the 3rd quarter worth approximately $7,470,000. Federated Investors Inc. PA acquired a new stake in China Mobile during the 3rd quarter worth approximately $10,074,000. Finally, Boston Advisors LLC acquired a new stake in China Mobile during the 4th quarter worth approximately $232,000. 2.02% of the stock is owned by institutional investors.

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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Analyst Recommendations for China Mobile (NYSE:CHL)

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