China Mobile Ltd. (CHL) Shares Gap Up to $62.54
China Mobile Ltd. (NYSE:CHl) shares 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.
A number of research analysts have recently commented on the stock. Goldman Sachs Group Inc. cut shares of China Mobile from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, August 10th. Deutsche Bank AG cut shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. China Mobile currently has an average rating of “Buy” and a consensus price target of $72.57.
The firm has a market capitalization of $259.34 billion and a P/E ratio of 15.43. The firm has a 50 day moving average price of $61.05 and a 200-day moving average price of $56.92.
The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 1st will be issued a $0.9599 dividend. This is an increase from China Mobile’s previous semiannual dividend of $0.89. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a yield of 3.03%.
An institutional investor recently raised its position in China Mobile stock. US Bancorp DE boosted its position in shares of China Mobile Ltd. (NYSE:CHl) by 166.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent 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.