Shares of China Mobile Ltd. (NYSE:CHl) gapped down before the market opened on Tuesday . The stock had previously closed at $56.79, but opened at $57.48. China Mobile shares last traded at $58.89, with a volume of 503,150 shares trading hands.

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

The stock’s 50 day moving average price is $56.47 and its 200-day moving average price is $55.26. The stock has a market cap of $239.85 billion and a price-to-earnings ratio of 14.75.

A number of large investors recently bought and sold shares of the stock. Morgan Stanley boosted its stake in 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 boosted its stake in 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. Wells Fargo & Company MN boosted its stake in 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. Asturias Capital LLC bought a new stake in China Mobile during the fourth quarter valued at $12,181,000. Finally, Bar Harbor Trust Services bought a new stake in China Mobile during the fourth quarter valued at $5,285,000.

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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