China Mobile Ltd. (NYSE:CHL) – Equities research analysts at Jefferies Group dropped their FY2022 EPS estimates for shares of China Mobile in a note issued to investors on Monday. Jefferies Group analyst A. Lee now forecasts that the Wireless communications provider will post earnings of $3.61 per share for the year, down from their previous estimate of $3.81.

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Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Monday. Nomura downgraded shares of China Mobile from a “buy” rating to a “neutral” rating in a research note on Monday. HSBC raised shares of China Mobile from a “hold” rating to a “buy” rating in a research note on Monday, March 5th. Finally, ValuEngine upgraded shares of China Mobile from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $51.00.

China Mobile (NYSE CHL) traded up $0.30 during mid-day trading on Tuesday, hitting $45.79. 602,671 shares of the company’s stock traded hands, compared to its average volume of 890,401. The stock has a market capitalization of $188,650.00, a P/E ratio of 10.71, a PEG ratio of 2.10 and a beta of 0.52. China Mobile has a 52-week low of $45.09 and a 52-week high of $58.83.

Several institutional investors have recently modified their holdings of CHL. Vanguard Group Inc. grew its holdings in shares of China Mobile by 102.3% in the second quarter. Vanguard Group Inc. now owns 281,156 shares of the Wireless communications provider’s stock worth $14,926,000 after purchasing an additional 142,145 shares during the last quarter. Boston Partners grew its holdings in shares of China Mobile by 5.5% in the third quarter. Boston Partners now owns 49,863 shares of the Wireless communications provider’s stock worth $2,522,000 after purchasing an additional 2,589 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of China Mobile by 11.4% in the third quarter. Candriam Luxembourg S.C.A. now owns 17,180 shares of the Wireless communications provider’s stock worth $869,000 after purchasing an additional 1,760 shares during the last quarter. FDx Advisors Inc. grew its holdings in shares of China Mobile by 101.0% in the third quarter. FDx Advisors Inc. now owns 15,460 shares of the Wireless communications provider’s stock worth $782,000 after purchasing an additional 7,768 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of China Mobile by 19.6% in the third quarter. BNP Paribas Arbitrage SA now owns 27,500 shares of the Wireless communications provider’s stock worth $1,391,000 after purchasing an additional 4,513 shares during the last quarter. Hedge funds and other institutional investors own 1.92% of the company’s stock.

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China Mobile Company Profile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

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