Shares of China Mobile Ltd. (NYSE:CHL) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company.
Several research analysts recently weighed in on CHL shares. Zacks Investment Research lowered shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine raised shares of China Mobile from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
Institutional investors and hedge funds have recently made changes to their positions in the business. Westside Investment Management Inc. lifted its stake in China Mobile by 507.6% in the third quarter. Westside Investment Management Inc. now owns 3,099 shares of the Wireless communications provider’s stock valued at $156,000 after buying an additional 2,589 shares in the last quarter. Israel Discount Bank of New York lifted its stake in China Mobile by 43.0% in the second quarter. Israel Discount Bank of New York now owns 3,075 shares of the Wireless communications provider’s stock valued at $163,000 after buying an additional 925 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in China Mobile by 61.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,237 shares of the Wireless communications provider’s stock valued at $164,000 after buying an additional 1,237 shares in the last quarter. Well Done LLC bought a new position in China Mobile in the third quarter valued at approximately $205,000. Finally, Wedbush Securities Inc. bought a new position in China Mobile in the third quarter valued at approximately $208,000. 2.00% of the stock is currently owned by hedge funds and other institutional investors.
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About China Mobile
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) 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.
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