China Mobile Ltd. (CHL) Downgraded by Sanford C. Bernstein
China Mobile Ltd. (NYSE:CHL) was downgraded by research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued on Thursday.
CHL has been the subject of a number of other reports. Goldman Sachs Group Inc. cut China Mobile from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research cut China Mobile from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th.
China Mobile (NYSE:CHL) opened at 58.16 on Thursday. China Mobile has a 12 month low of $50.12 and a 12 month high of $63.89. The stock has a market capitalization of $238.17 billion, a P/E ratio of 14.45 and a beta of 0.35. The firm’s 50-day moving average is $61.15 and its 200 day moving average is $59.20.
The firm also recently declared a semiannual dividend, which was paid on Tuesday, October 11th. Investors of record on Thursday, September 1st were issued a $0.9599 dividend. This represents a dividend yield of 3.03%. This is a boost from China Mobile’s previous semiannual dividend of $0.89. The ex-dividend date was Tuesday, August 30th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in China Mobile during the second quarter worth about $111,000. Tower Research Capital LLC TRC boosted its position in China Mobile by 14.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock worth $122,000 after buying an additional 260 shares in the last quarter. Signaturefd LLC boosted its position in China Mobile by 1,873.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the company’s stock worth $129,000 after buying an additional 2,117 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in China Mobile by 40.7% in the third quarter. Integrated Investment Consultants LLC now owns 2,380 shares of the company’s stock worth $145,000 after buying an additional 689 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its position in China Mobile by 1,868.8% in the second quarter. Flow Traders U.S. LLC now owns 3,465 shares of the company’s stock worth $201,000 after buying an additional 3,289 shares in the last quarter. 1.91% of the stock is owned by institutional investors and hedge funds.
China Mobile Company Profile
China Mobile Limited is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company’s businesses primarily consist of voice business and data business.
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