Shares of China Mobile Ltd. (NYSE:CHL) have received an average rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.00.
CHL has been the topic of several analyst reports. New Street Research upgraded China Mobile from a “reduce” rating to a “buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. upgraded China Mobile to a “buy” rating in a research note on Friday, March 20th. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, May 28th. Finally, ValuEngine downgraded China Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, April 30th.
Shares of NYSE CHL traded down $1.14 during midday trading on Friday, hitting $34.05. 1,438,616 shares of the company’s stock were exchanged, compared to its average volume of 1,105,230. The firm’s fifty day simple moving average is $35.73 and its 200-day simple moving average is $38.98. China Mobile has a twelve month low of $30.12 and a twelve month high of $46.03. The company has a market cap of $144.11 billion, a PE ratio of 9.15, a P/E/G ratio of 2.85 and a beta of 0.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.15 and a quick ratio of 1.13.
About China Mobile
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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