China Mobile Ltd. (CHL) Shares Gap Down to $60.94
China Mobile Ltd. (NYSE:CHl) shares gapped down before the market opened on Monday . The stock had previously closed at $60.62, but opened at $60.94. China Mobile shares last traded at $61.90, with a volume of 681,800 shares traded.
A number of research firms have weighed in on CHL. Goldman Sachs Group Inc. downgraded China Mobile from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, August 10th. Deutsche Bank AG downgraded China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th.
The firm has a 50 day moving average of $62.11 and a 200-day moving average of $57.47. The company has a market cap of $253.49 billion and a P/E ratio of 15.10.
The business also recently declared a semiannual dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 1st will be given a $0.9599 dividend. 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 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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