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.
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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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