China Mobile Ltd. (NYSE:CHl)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $62.00, but opened at $62.36. China Mobile shares last traded at $62.96, with a volume of 313,581 shares changing hands.

CHL has been the topic of several analyst reports. 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 50 day moving average price of $57.76 and a 200-day moving average price of $55.73. The firm has a market cap of $257.29 billion and a P/E ratio of 15.81.

A number of large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased 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. increased 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. Morgan Stanley increased its stake in China Mobile by 49.9% in the fourth quarter. Morgan Stanley now owns 903,633 shares of the company’s stock worth $50,902,000 after buying an additional 300,783 shares during the last quarter. Wells Fargo & Company MN increased 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 worth $34,908,000 after buying an additional 163,121 shares during the last quarter. Finally, US Bancorp DE increased its stake in China Mobile by 166.3% in the fourth quarter. US Bancorp DE now owns 29,572 shares of the company’s stock worth $1,666,000 after buying an additional 18,466 shares during the last quarter.

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.