China Mobile (NYSE:CHL) was downgraded by equities researchers at Nomura from a “buy” rating to a “neutral” rating in a report released on Monday, MarketBeat.com reports.
Several other analysts have also recently issued reports on CHL. ValuEngine raised China Mobile from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised China Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, HSBC raised China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. China Mobile has an average rating of “Hold” and an average target price of $51.00.
Shares of China Mobile (NYSE:CHL) opened at $45.49 on Monday. The stock has a market capitalization of $187,100.00, a P/E ratio of 10.63, a PEG ratio of 2.11 and a beta of 0.52. China Mobile has a twelve month low of $45.09 and a twelve month high of $58.83.
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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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