China Mobile Ltd. (NYSE:CHL) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report released on Thursday.
Separately, Deutsche Bank AG lowered China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th.
Shares of China Mobile (NYSE:CHL) opened at 61.88 on Thursday. The stock has a market cap of $253.40 billion, a P/E ratio of 15.13 and a beta of 0.39. The stock has a 50 day moving average price of $62.06 and a 200-day moving average price of $58.22. China Mobile has a 12 month low of $50.12 and a 12 month high of $63.89.
The company also recently declared 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 is a positive change from China Mobile’s previous semiannual dividend of $0.89. This represents a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 30th.
A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of China Mobile by 0.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,886 shares of the company’s stock worth $457,000 after buying an additional 49 shares during the last quarter. Royal Bank of Canada increased its stake in shares of China Mobile by 3.8% in the second quarter. Royal Bank of Canada now owns 309,389 shares of the company’s stock worth $17,914,000 after buying an additional 11,374 shares during the period. Lincluden Management Ltd. increased its stake in shares of China Mobile by 2.1% in the second quarter. Lincluden Management Ltd. now owns 32,614 shares of the company’s stock worth $1,888,000 after buying an additional 665 shares during the period. Sterling Capital Management LLC increased its stake in shares of China Mobile by 13.7% in the second quarter. Sterling Capital Management LLC now owns 6,699 shares of the company’s stock worth $388,000 after buying an additional 807 shares during the period. Finally, Bluefin Trading LLC bought a new stake in shares of China Mobile during the second quarter worth approximately $428,000. 1.90% of the stock is owned by hedge funds and other institutional investors.
China Mobile Company Profile
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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