China Mobile Ltd. (NYSE:CHl)’s share price rose 3.2% on Thursday . The stock traded as high as $62.88 and last traded at $62.47, with a volume of 752,717 shares trading hands. The stock had previously closed at $60.55.

CHL has been the subject of several recent analyst reports. Zacks Investment Research lowered China Mobile from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Deutsche Bank AG lowered China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th.

The company has a 50 day moving average of $57.13 and a 200-day moving average of $55.43. The stock has a market capitalization of $255.70 billion and a P/E ratio of 15.73.

Several institutional investors have recently modified their holdings of the company. Morgan Stanley raised its position 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 increased 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 period. Wells Fargo & Company MN increased 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 period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of 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 valued at $5,284,000 after buying an additional 10,000 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of China Mobile by 397.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 55,427 shares of the company’s stock valued at $3,122,000 after buying an additional 44,290 shares during the period.

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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