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China Mobile (CHL) Upgraded by Jefferies Financial Group to “Buy” - MVNO MVNE MNO Mobile & Telecoms industry intelligence
Sunday , 21 July 2019
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China Mobile (CHL) Upgraded by Jefferies Financial Group to “Buy”

China Mobile (CHL) Upgraded by Jefferies Financial Group to “Buy”


Jefferies Financial Group upgraded shares of China Mobile (NYSE:CHL) from a hold rating to a buy rating in a research report report published on Monday morning, MarketBeat reports. Jefferies Financial Group also issued estimates for China Mobile’s FY2023 earnings at $4.94 EPS.

A number of other brokerages have also recently issued reports on CHL. New Street Research cut China Mobile from a neutral rating to a reduce rating in a research note on Monday, February 11th. BNP Paribas cut China Mobile from an outperform rating to a neutral rating in a research note on Wednesday, February 13th. Zacks Investment Research upgraded China Mobile from a hold rating to a buy rating and set a $58.00 price objective on the stock in a research note on Thursday, January 24th. Mizuho cut China Mobile from a neutral rating to an underperform rating in a research note on Monday, November 19th. Finally, Nomura upgraded China Mobile from a neutral rating to a buy rating in a research note on Monday, January 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $58.00.

NYSE CHL opened at $53.22 on Monday. The firm has a market cap of $211.39 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 3.14 and a beta of 0.63. China Mobile has a one year low of $43.25 and a one year high of $53.91.

Institutional investors and hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC bought a new stake in shares of China Mobile during the fourth quarter valued at about $27,000. Sontag Advisory LLC bought a new stake in shares of China Mobile during the fourth quarter valued at about $28,000. Cornerstone Advisors Inc. increased its position in shares of China Mobile by 121.2% during the third quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 349 shares during the period. Global Retirement Partners LLC increased its position in shares of China Mobile by 1,169.5% during the fourth quarter. Global Retirement Partners LLC now owns 749 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 690 shares during the period. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of China Mobile during the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 2.05% of the company’s stock.

About China Mobile

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including 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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Analyst Recommendations for China Mobile (NYSE:CHL)

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