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.
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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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