The China Mobile Ltd. (CHL) Rating Lowered to Market Perform at Sanford C. Bernstein

The China Mobile Ltd. (CHL) Rating Lowered to Market Perform at Sanford C. Bernstein

China Mobile Ltd. (NYSE:CHL) was downgraded by research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday.

CHL has been the subject of several other research reports. Goldman Sachs Group Inc. lowered shares of China Mobile from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research lowered shares of China Mobile from a “buy” rating to a “hold” rating in a research report on Wednesday, October 12th.

Shares of China Mobile (NYSE:CHL) opened at 56.96 on Thursday. The firm has a 50-day moving average of $60.92 and a 200 day moving average of $59.20. The firm has a market cap of $233.26 billion, a PE ratio of 14.22 and a beta of 0.35. China Mobile has a 52 week low of $50.12 and a 52 week high of $63.89.

The business also recently declared a semiannual dividend, which was paid on Tuesday, October 11th. Investors of record on Thursday, September 1st were given a dividend of $0.9599 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a yield of 3.03%. This is a positive change from China Mobile’s previous semiannual dividend of $0.89.

Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in China Mobile during the second quarter valued at $111,000. Tower Research Capital LLC TRC raised its position in shares of China Mobile by 14.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock worth $122,000 after buying an additional 260 shares in the last quarter. Signaturefd LLC raised its position in shares of China Mobile by 1,873.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the company’s stock worth $129,000 after buying an additional 2,117 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of China Mobile by 40.7% in the third quarter. Integrated Investment Consultants LLC now owns 2,380 shares of the company’s stock worth $145,000 after buying an additional 689 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of China Mobile by 1,868.8% in the second quarter. Flow Traders U.S. LLC now owns 3,465 shares of the company’s stock worth $201,000 after buying an additional 3,289 shares in the last quarter. Institutional investors own 1.93% of the company’s stock.

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