China Mobile Ltd. (NYSE:CHL)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $40.30 and last traded at $40.32, with a volume of 15913 shares changing hands. The stock had previously closed at $41.60.
A number of brokerages recently commented on CHL. ValuEngine downgraded shares of China Mobile from a “hold” rating to a “sell” rating in a report on Thursday. Goldman Sachs Group downgraded shares of China Mobile from a “buy” rating to a “neutral” rating and lowered their price target for the company from $64.00 to $55.00 in a report on Monday, April 15th. Zacks Investment Research raised shares of China Mobile from a “sell” rating to a “hold” rating in a report on Friday. Finally, Credit Suisse Group raised shares of China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 price target for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.22.
The stock has a market capitalization of $165.07 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 2.45 and a beta of 0.65. The business has a 50 day moving average price of $44.55.
China Mobile Company Profile (NYSE:CHL)
China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers 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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