Jefferies Financial Group Weighs in on China Mobile Ltd.’s FY2019 Earnings (CHL)

China Mobile Ltd. (NYSE:CHL) – Equities researchers at Jefferies Financial Group decreased their FY2019 earnings per share estimates for shares of China Mobile in a research note issued to investors on Sunday, November 4th. Jefferies Financial Group analyst A. Lee now forecasts that the Wireless communications provider will post earnings per share of $3.98 for the year, down from their prior estimate of $4.17. Jefferies Financial Group also issued estimates for China Mobile’s FY2020 earnings at $3.75 EPS and FY2021 earnings at $3.78 EPS.

CHL has been the topic of a number of other research reports. ValuEngine raised China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised China Mobile from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday, August 13th. Credit Suisse Group cut China Mobile from an “outperform” rating to a “neutral” rating in a research note on Friday, October 26th. Finally, BNP Paribas cut China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

China Mobile stock opened at $47.47 on Wednesday. The firm has a market capitalization of $192.10 billion, a PE ratio of 11.49, a PEG ratio of 2.76 and a beta of 0.65. China Mobile has a fifty-two week low of $43.25 and a fifty-two week high of $53.23.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHL. Guggenheim Capital LLC increased its stake in China Mobile by 22.6% in the first quarter. Guggenheim Capital LLC now owns 50,771 shares of the Wireless communications provider’s stock valued at $2,323,000 after acquiring an additional 9,362 shares during the last quarter. Atria Investments LLC increased its stake in China Mobile by 64.1% in the second quarter. Atria Investments LLC now owns 12,817 shares of the Wireless communications provider’s stock valued at $569,000 after acquiring an additional 5,006 shares during the last quarter. Bank of Montreal Can increased its stake in China Mobile by 8.1% in the second quarter. Bank of Montreal Can now owns 373,276 shares of the Wireless communications provider’s stock valued at $16,570,000 after acquiring an additional 27,993 shares during the last quarter. Pendal Group Ltd increased its stake in China Mobile by 6.7% in the second quarter. Pendal Group Ltd now owns 1,518,755 shares of the Wireless communications provider’s stock valued at $67,418,000 after acquiring an additional 95,867 shares during the last quarter. Finally, Reilly Financial Advisors LLC increased its stake in China Mobile by 6.8% in the second quarter. Reilly Financial Advisors LLC now owns 27,271 shares of the Wireless communications provider’s stock valued at $1,211,000 after acquiring an additional 1,748 shares during the last quarter. 1.99% of the stock is currently owned by institutional investors and hedge funds.

About China Mobile

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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Earnings History and Estimates for China Mobile (NYSE:CHL)

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