New Street Research downgraded shares of China Mobile (NYSE:CHL) from a buy rating to a neutral rating in a report released on Tuesday, January 22nd, The Fly reports.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of China Mobile from a buy rating to a hold rating in a research note on Tuesday, November 6th. Mizuho cut shares of China Mobile from a neutral rating to an underperform rating in a research note on Monday, November 19th. Nomura raised shares of China Mobile from a neutral rating to a buy rating in a research note on Monday, January 7th. Credit Suisse Group cut shares of China Mobile from an outperform rating to a neutral rating in a research note on Friday, October 26th. Finally, ValuEngine raised shares of China Mobile from a sell rating to a hold rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $58.00.
Shares of NYSE:CHL opened at $52.59 on Tuesday. China Mobile has a 52 week low of $43.25 and a 52 week high of $53.44. The firm has a market capitalization of $215.03 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.63.
About China Mobile
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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