China Mobile Ltd. (NYSE:CHl) gapped up before the market opened on Thursday . The stock had previously closed at $56.19, but opened at $56.31. China Mobile shares last traded at $56.44, with a volume of 230,354 shares traded.

Several equities research analysts have recently commented on the company. Deutsche Bank AG lowered China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Zacks Investment Research raised China Mobile from a “sell” rating to a “hold” rating in a research note on Monday, April 18th.

The company has a market cap of $231.29 billion and a PE ratio of 14.17. The stock’s 50 day moving average price is $56.15 and its 200-day moving average price is $55.26.

Several large investors have recently made changes to their positions in the stock. US Bancorp DE raised its stake in shares of China Mobile by 166.3% in the fourth quarter. US Bancorp DE now owns 29,572 shares of the company’s stock valued at $1,666,000 after buying an additional 18,466 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of China Mobile by 35.7% in the fourth quarter. Wells Fargo & Company MN now owns 619,693 shares of the company’s stock valued at $34,908,000 after buying an additional 163,121 shares during the last quarter. Morgan Stanley raised its stake in shares of China Mobile by 49.9% in the fourth quarter. Morgan Stanley now owns 903,633 shares of the company’s stock valued at $50,902,000 after buying an additional 300,783 shares during the last quarter. Everett Harris & Co. CA raised its stake in shares of China Mobile by 0.8% in the fourth quarter. Everett Harris & Co. CA now owns 649,453 shares of the company’s stock valued at $36,584,000 after buying an additional 5,180 shares during the last quarter. Finally, Asturias Capital LLC purchased a new stake in shares of China Mobile during the fourth quarter valued at approximately $12,181,000.

China Mobile Limited is an investment holding company. The Company is engaged in providing mobile telecommunications and related services in 31 provinces, autonomous regions and directly-administered municipalities in Mainland China and Hong Kong Special Administrative Region through its subsidiaries.

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