China Mobile (CHL) Hits New 12-Month Low at $47.64

China Mobile Ltd. (NYSE:CHL) shares hit a new 52-week low during trading on Friday . The stock traded as low as $47.64 and last traded at $47.66, with a volume of 957197 shares. The stock had previously closed at $48.63.

CHL has been the subject of several research reports. Zacks Investment Research cut China Mobile from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. ValuEngine upgraded China Mobile from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $58.00.

The firm has a market cap of $192,720.00, a P/E ratio of 11.16, a PEG ratio of 2.32 and a beta of 0.41.

Several large investors have recently made changes to their positions in the company. Pzena Investment Management LLC acquired a new stake in shares of China Mobile in the fourth quarter valued at $1,036,000. Arrowstreet Capital Limited Partnership increased its stake in shares of China Mobile by 35.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 771,347 shares of the Wireless communications provider’s stock valued at $38,984,000 after buying an additional 200,028 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of China Mobile in the fourth quarter valued at $294,000. D.A. Davidson & CO. increased its stake in shares of China Mobile by 45.9% in the fourth quarter. D.A. Davidson & CO. now owns 11,105 shares of the Wireless communications provider’s stock valued at $561,000 after buying an additional 3,496 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of China Mobile by 29.5% in the fourth quarter. Advisory Services Network LLC now owns 8,973 shares of the Wireless communications provider’s stock valued at $453,000 after buying an additional 2,043 shares in the last quarter. Institutional investors own 1.92% of the company’s stock.

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About China Mobile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

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