China Mobile Ltd. (CHL) Shares Gap Up to $62.54
China Mobile Ltd. (NYSE:CHl)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $61.91, but opened at $62.54. China Mobile shares last traded at $63.42, with a volume of 221,853 shares trading hands.
Several research firms recently commented on CHL. Goldman Sachs Group Inc. downgraded shares of China Mobile from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, August 10th. Deutsche Bank AG downgraded shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $72.57.
The stock has a market capitalization of $260.94 billion and a price-to-earnings ratio of 15.50. The firm has a 50 day moving average of $60.89 and a 200-day moving average of $56.86.
The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.9599 per share. This represents a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 30th. This is an increase from China Mobile’s previous semiannual dividend of $0.89.
An institutional investor recently raised its position in China Mobile stock. US Bancorp DE increased its stake in shares of China Mobile Ltd. (NYSE:CHl) by 166.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,572 shares of the company’s stock after buying an additional 18,466 shares during the period. US Bancorp DE’s holdings in China Mobile were worth $1,666,000 as of its most recent filing with the SEC.
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.