China Mobile Ltd. (CHL) Shares Gap Up to $62.09
China Mobile Ltd. (NYSE:CHl) shares gapped up before the market opened on Monday . The stock had previously closed at $61.68, but opened at $62.09. China Mobile shares last traded at $62.73, with a volume of 287,443 shares traded.
A number of research firms have recently commented on CHL. Deutsche Bank AG cut shares of China Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Zacks Investment Research cut shares of China Mobile from a “hold” rating to a “sell” rating in a report on Tuesday, April 5th.
The company has a market cap of $256.31 billion and a PE ratio of 15.73. The stock’s 50 day moving average is $58.30 and its 200-day moving average is $56.03.
Several institutional investors have modified their holdings of CHL. Morgan Stanley increased 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 worth $50,902,000 after buying an additional 300,783 shares in the last quarter. Wells Fargo & Company MN increased its position 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 in the last quarter. US Bancorp DE increased its position 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 in the last quarter. Finally, Sei Investments Co. increased its position 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 in the last quarter.
China Mobile Limited is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company’s businesses primarily consist of voice business and data business.
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