Brokerages Set China Mobile Ltd. (CHL) Price Target at $50.83
Shares of China Mobile Ltd. (NYSE:CHL) have been assigned an average rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $50.83.
CHL has been the topic of several analyst reports. Jefferies Financial Group raised China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 11th. New Street Research lowered China Mobile from a “neutral” rating to a “reduce” rating in a report on Monday, February 11th. BNP Paribas lowered China Mobile from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 13th. Goldman Sachs Group lowered 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. Finally, Credit Suisse Group raised China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 target price on the stock in a report on Wednesday, May 8th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sontag Advisory LLC bought a new stake in shares of China Mobile during the 4th quarter worth $28,000. Quadrant Capital Group LLC lifted its position in shares of China Mobile by 1,361.2% during the 4th quarter. Quadrant Capital Group LLC now owns 5,085 shares of the Wireless communications provider’s stock worth $240,000 after buying an additional 4,737 shares during the last quarter. Ellis Investment Partners LLC bought a new stake in shares of China Mobile during the 1st quarter worth $907,000. Federated Investors Inc. PA bought a new stake in shares of China Mobile during the 3rd quarter worth $10,074,000. Finally, Boston Advisors LLC bought a new stake in shares of China Mobile during the 4th quarter worth $232,000. 1.88% of the stock is currently owned by institutional investors.
The business also recently announced a semiannual dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.8863 per share. This is a positive change from China Mobile’s previous semiannual dividend of $0.80. This represents a dividend yield of 3.41%. The ex-dividend date is Thursday, May 23rd. China Mobile’s dividend payout ratio is 47.12%.
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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