Are Analysts Bullish about China Mobile Limited (NYSE:CHL) after last week?

January 15, 2018 - By Henry Gaston

 Are Analysts Bullish about China Mobile Limited (NYSE:CHL) after last week?

China Mobile Limited (NYSE:CHL) Ratings Coverage

Among 6 analysts covering China Mobile (NYSE:CHL), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. China Mobile had 7 analyst reports since August 21, 2015 according to SRatingsIntel. The company was downgraded on Friday, March 24 by HSBC. The stock has “Buy” rating by Jefferies on Friday, August 21. The stock of China Mobile Limited (NYSE:CHL) earned “Buy” rating by Deutsche Bank on Tuesday, January 19. On Wednesday, August 30 the stock rating was initiated by Bank of America with “Buy”. The company was downgraded on Thursday, October 27 by Bernstein. The firm earned “Buy” rating on Wednesday, August 10 by Goldman Sachs. Below is a list of China Mobile Limited (NYSE:CHL) latest ratings and price target changes.

30/08/2017 Broker: Bank of America Rating: Buy Initiate

The stock decreased 0.04% or $0.02 during the last trading session, reaching $49.85. About 633,549 shares traded. China Mobile Limited (NYSE:CHL) has risen 3.24% since January 15, 2017 and is uptrending. It has underperformed by 13.46% the S&P500.

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company has market cap of $203.27 billion. It offers voice services, including local calls; domestic and international long distance calls and roaming services; and voice value-added services, such as caller identity display, call waiting, conference calls, and others. It has a 11.78 P/E ratio. The firm also provides wireless Internet service, as well as digital applications, including music, video, reading, gaming, and animation; and wireline broadband services.

More notable recent China Mobile Limited (NYSE:CHL) news were published by: Seekingalpha.com which released: “China Mobile: How Did Those Earnings Turn Out?” on October 20, 2017, also Fool.com with their article: “10 Reasons to Buy China Mobile Ltd. and Never Sell” published on March 19, 2017, Fool.com published: “China Mobile Ltd. (ADR) is Too Cheap to Ignore” on January 03, 2018. More interesting news about China Mobile Limited (NYSE:CHL) were released by: Livetradingnews.com and their article: “China Mobile Ltd. (HKG:0941) CFM SA Buys China Mobile Shares” published on June 11, 2017 as well as Livetradingnews.com‘s news article titled: “China Mobile Ltd. (ADR) (NYSE:CHL) HEFFX Highlights” with publication date: May 17, 2017.

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