According to Zacks, “China Mobile offers mobile communications services principally using Global System for Mobile Communications, or GSM, which is a pan-European mobile telephone system based on digital transmission and mobile communications network architecture with roaming capabilities. Our GSM networks reach all cities and counties and most major roads and highways in our service regions. “
Other analysts also recently issued research reports about the stock. Credit Suisse Group raised shares of China Mobile from a neutral rating to an outperform rating and set a $46.65 target price for the company in a report on Wednesday, May 8th. Citigroup reaffirmed a buy rating on shares of China Mobile in a report on Friday, March 22nd. Goldman Sachs Group downgraded shares of China Mobile from a buy rating to a neutral rating and reduced their target price for the stock from $64.00 to $55.00 in a report on Monday, April 15th. HSBC downgraded shares of China Mobile from a buy rating to a hold rating in a report on Thursday, March 21st. Finally, New Street Research downgraded shares of China Mobile from a neutral rating to a reduce rating in a report on Monday, February 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $53.22.
China Mobile stock opened at $43.75 on Monday. The stock has a market cap of $180.52 billion, a PE ratio of 10.52, a PEG ratio of 2.52 and a beta of 0.61. China Mobile has a fifty-two week low of $43.25 and a fifty-two week high of $55.84.
The business also recently announced a semiannual dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 24th will be issued a dividend of $0.8863 per share. This is an increase from China Mobile’s previous semiannual dividend of $0.80. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a dividend yield of 3.41%. China Mobile’s payout ratio is presently 38.46%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. OLD Second National Bank of Aurora bought a new stake in China Mobile in the 1st quarter valued at about $25,000. Lindbrook Capital LLC bought a new stake in China Mobile in the 4th quarter valued at about $27,000. Sontag Advisory LLC bought a new stake in China Mobile in the 4th quarter valued at about $28,000. Financial Gravity Wealth Inc. bought a new stake in China Mobile in the 1st quarter valued at about $28,000. Finally, Nkcfo LLC bought a new stake in China Mobile in the 1st quarter valued at about $31,000. 2.10% of the stock is owned by hedge funds and other institutional investors.
China Mobile Company Profile
China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.
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