Jefferies Financial Group upgraded shares of China Mobile (NYSE:CHL) from a hold rating to a buy rating in a research report released on Monday, Marketbeat Ratings reports. Jefferies Financial Group also issued estimates for China Mobile’s FY2023 earnings at $4.94 EPS.
A number of other equities research analysts have also recently issued reports on the stock. BNP Paribas cut shares of China Mobile from an outperform rating to a neutral rating in a report on Wednesday, February 13th. New Street Research cut shares of China Mobile from a neutral rating to a reduce rating in a report on Monday, February 11th. Zacks Investment Research upgraded shares of China Mobile from a hold rating to a buy rating and set a $58.00 price objective for the company in a report on Thursday, January 24th. Nomura upgraded shares of China Mobile from a neutral rating to a buy rating in a report on Monday, January 7th. Finally, Mizuho cut shares of China Mobile from a neutral rating to an underperform rating in a report on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $58.00.
Shares of NYSE:CHL opened at $54.20 on Monday. The firm has a market capitalization of $221.95 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 2.95 and a beta of 0.65. China Mobile has a 1 year low of $43.25 and a 1 year high of $54.29.
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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