China Mobile Ltd. (NYSE:CHL) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $58.00.

A number of analysts have commented on CHL shares. Zacks Investment Research raised China Mobile from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, January 24th. Nomura raised China Mobile from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Jefferies Financial Group raised China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Citigroup reissued a “buy” rating on shares of China Mobile in a report on Friday, March 22nd. Finally, HSBC cut China Mobile from a “buy” rating to a “hold” rating in a report on Thursday, March 21st.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of China Mobile by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,283,152 shares of the Wireless communications provider’s stock valued at $253,541,000 after buying an additional 60,251 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of China Mobile by 8.1% in the 3rd quarter. Renaissance Technologies LLC now owns 4,763,397 shares of the Wireless communications provider’s stock valued at $233,073,000 after buying an additional 357,697 shares during the period. LMR Partners LLP lifted its holdings in shares of China Mobile by 284.8% in the 4th quarter. LMR Partners LLP now owns 1,364,132 shares of the Wireless communications provider’s stock valued at $65,621,000 after buying an additional 1,009,613 shares during the period. Edgbaston Investment Partners LLP lifted its holdings in shares of China Mobile by 0.6% in the 4th quarter. Edgbaston Investment Partners LLP now owns 1,054,438 shares of the Wireless communications provider’s stock valued at $50,613,000 after buying an additional 6,200 shares during the period. Finally, Morgan Stanley increased its stake in shares of China Mobile by 15.7% in the 3rd quarter. Morgan Stanley now owns 862,800 shares of the Wireless communications provider’s stock valued at $42,216,000 after purchasing an additional 117,352 shares in the last quarter. 2.02% of the stock is owned by institutional investors and hedge funds.

Shares of CHL opened at $51.84 on Thursday. China Mobile has a one year low of $43.25 and a one year high of $55.84. The stock has a market cap of $209.80 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 2.86 and a beta of 0.65.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, May 24th will be issued a $0.8863 dividend. This represents a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from China Mobile’s previous semiannual dividend of $0.80. China Mobile’s payout ratio is 50.85%.

China Mobile Company Profile

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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Analyst Recommendations for China Mobile (NYSE:CHL)

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