China Mobile Ltd. (NYSE:CHl) gapped up prior to trading 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 changing hands.

Several research firms have commented on CHL. Deutsche Bank AG lowered shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Zacks Investment Research upgraded shares of China Mobile from a “sell” rating to a “hold” rating in a research report on Monday, April 18th.

The firm has a 50-day moving average price of $56.26 and a 200 day moving average price of $55.26. The stock has a market capitalization of $234.49 billion and a price-to-earnings ratio of 14.42.

A number of large investors recently made changes to their positions in CHL. 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 in 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 in 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 in the last quarter. Comerica Bank raised its stake in shares of China Mobile by 4.6% in the fourth quarter. Comerica Bank now owns 221,167 shares of the company’s stock valued at $11,392,000 after buying an additional 9,791 shares in the last quarter. Finally, Asturias Capital LLC bought 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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