China Mobile Ltd. (NYSE:CHl)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $59.14, but opened at $59.35. China Mobile shares last traded at $59.90, with a volume of 201,398 shares traded.

A number of equities analysts recently commented on CHL shares. Zacks Investment Research upgraded China Mobile from a “sell” rating to a “hold” rating in a research report on Tuesday, March 22nd. Deutsche Bank AG cut China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th.

The stock has a 50 day moving average of $56.81 and a 200-day moving average of $55.35. The firm has a market capitalization of $244.40 billion and a P/E ratio of 15.07.

Other large investors recently bought and sold shares of the company. Sei Investments Co. raised its stake in China Mobile by 85.9% in the fourth quarter. Sei Investments Co. now owns 23,493 shares of the company’s stock worth $1,324,000 after buying an additional 10,856 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in China Mobile by 397.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 55,427 shares of the company’s stock worth $3,122,000 after buying an additional 44,290 shares during the last quarter. Stevens Capital Management LP bought a new stake in China Mobile during the fourth quarter worth about $1,547,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in China Mobile by 11.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 93,804 shares of the company’s stock worth $5,284,000 after buying an additional 10,000 shares during the last quarter. Finally, Asturias Capital LLC bought a new stake in China Mobile during the fourth quarter worth about $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.