China Mobile (CHL) Sets New 1-Year High at $55.84

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China Mobile Ltd. (NYSE:CHL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.84 and last traded at $55.70, with a volume of 1253503 shares changing hands. The stock had previously closed at $55.41.

A number of equities analysts recently issued reports on CHL shares. BNP Paribas cut China Mobile from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 13th. Nomura upgraded China Mobile from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. HSBC cut China Mobile from a “buy” rating to a “hold” rating in a report on Thursday. New Street Research cut China Mobile from a “neutral” rating to a “reduce” rating in a report on Monday, February 11th. Finally, Zacks Investment Research cut China Mobile from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.00.

The firm has a market capitalization of $228.10 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.65.

Hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC purchased a new stake in shares of China Mobile in the 4th quarter worth $27,000. Sontag Advisory LLC purchased a new stake in shares of China Mobile in the 4th quarter worth $28,000. Cornerstone Advisors Inc. lifted its holdings in shares of China Mobile by 121.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 349 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of China Mobile by 1,169.5% in the 4th quarter. Global Retirement Partners LLC now owns 749 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 690 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of China Mobile in the 4th quarter worth $38,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

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About China Mobile (NYSE:CHL)

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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