Operating

China Mobile Stock Rating Lowered by Societe Generale

Updated:2014/2/12 11:37

China Mobile was downgraded by Societe Generale from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of China Mobile from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 22nd. They now have a $48.10 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of China Mobile in a research note on Monday, December 30th. Finally, analysts at Barclays downgraded shares of China Mobile from an “overweight” rating to an “underweight” rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $51.47.

China Mobile traded up 1.75% during mid-day trading on Friday, hitting $48.24. 780,144 shares of the company’s stock traded hands. China Mobile has a 1-year low of $46.60 and a 1-year high of $57.42. The stock has a 50-day moving average of $49.73 and a 200-day moving average of $52.93. The company has a market cap of $193.9 billion and a P/E ratio of 9.29.

China Mobile Limited provides a range of mobile telecommunications services in 31 provinces, autonomous regions and directly-administered municipalities in the People’s Republic of China, as well as in the Hong Kong Special Administrative Region of the People’s Republic of China.

 Source:tickerreport
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