China Mobile Ltd. (NYSE:CHl) gapped up prior to trading on Friday . The stock had previously closed at $60.62, but opened at $60.94. China Mobile shares last traded at $61.88, with a volume of 372,350 shares trading hands.

Several equities research analysts recently issued reports on CHL shares. Goldman Sachs Group Inc. cut 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 report on Tuesday, June 7th.

The company’s 50-day moving average is $62.10 and its 200 day moving average is $57.50. The stock has a market capitalization of $253.49 billion and a price-to-earnings ratio of 15.01.

The business also recently declared a semiannual dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.9599 per share. This is a boost from China Mobile’s previous semiannual dividend of $0.89. The ex-dividend date is Tuesday, August 30th. This represents a dividend yield of 3.03%.

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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