Janney Montgomery Scott LLC boosted its holdings in China Mobile Ltd. (NYSE:CHL) by 2.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,657 shares of the Wireless communications provider’s stock after acquiring an additional 314 shares during the period. Janney Montgomery Scott LLC’s holdings in China Mobile were worth $524,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CHL. FMR LLC grew its position in shares of China Mobile by 0.8% in the 1st quarter. FMR LLC now owns 144,178 shares of the Wireless communications provider’s stock valued at $7,351,000 after acquiring an additional 1,110 shares during the period. Pinnacle Bank grew its position in shares of China Mobile by 106.5% in the 2nd quarter. Pinnacle Bank now owns 568 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Naples Global Advisors LLC grew its position in shares of China Mobile by 8.4% in the 2nd quarter. Naples Global Advisors LLC now owns 32,160 shares of the Wireless communications provider’s stock valued at $1,457,000 after acquiring an additional 2,500 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of China Mobile in the 2nd quarter valued at about $732,000. Finally, Ridgewood Investments LLC grew its position in shares of China Mobile by 50.7% in the 2nd quarter. Ridgewood Investments LLC now owns 11,677 shares of the Wireless communications provider’s stock valued at $529,000 after acquiring an additional 3,929 shares during the period. 1.93% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on CHL. ValuEngine downgraded shares of China Mobile from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. downgraded shares of China Mobile from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Mizuho raised shares of China Mobile from an “underperform” rating to a “neutral” rating in a report on Thursday, August 8th. Sanford C. Bernstein raised shares of China Mobile from a “market perform” rating to an “outperform” rating in a report on Thursday, August 15th. Finally, Zacks Investment Research downgraded shares of China Mobile from a “hold” rating to a “sell” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $53.22.

Shares of CHL stock opened at $39.20 on Thursday. The company has a market capitalization of $164.66 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.11. The company has a 50-day simple moving average of $41.30 and a 200 day simple moving average of $43.31. China Mobile Ltd. has a 52 week low of $39.03 and a 52 week high of $55.84.

China Mobile 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.

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Institutional Ownership by Quarter for China Mobile (NYSE:CHL)

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