China Mobile (NYSE:CHL) Shares Gap Up to $37.53

Shares of China Mobile Ltd. (NYSE:CHL) gapped up before the market opened on Tuesday . The stock had previously closed at $38.01, but opened at $37.53. China Mobile shares last traded at $36.15, with a volume of 898,489 shares changing hands.

Several analysts have commented on the stock. New Street Research raised shares of China Mobile from a “reduce” rating to a “buy” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. raised shares of China Mobile to a “buy” rating in a research report on Friday, March 20th. ValuEngine lowered shares of China Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, April 30th. Finally, Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. China Mobile presently has an average rating of “Buy” and an average price target of $39.00.

The company’s fifty day moving average is $35.07 and its two-hundred day moving average is $38.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.15. The company has a market cap of $142.96 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 2.82 and a beta of 0.51.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in China Mobile by 14.8% in the 4th quarter. Renaissance Technologies LLC now owns 6,772,697 shares of the Wireless communications provider’s stock valued at $286,282,000 after acquiring an additional 870,600 shares during the period. Morgan Stanley grew its stake in China Mobile by 208.4% in the 1st quarter. Morgan Stanley now owns 1,955,902 shares of the Wireless communications provider’s stock valued at $73,680,000 after acquiring an additional 1,321,594 shares during the period. First Trust Advisors LP grew its stake in China Mobile by 165.6% in the 1st quarter. First Trust Advisors LP now owns 1,579,562 shares of the Wireless communications provider’s stock valued at $59,502,000 after acquiring an additional 984,948 shares during the period. Pendal Group Ltd grew its stake in China Mobile by 212.8% in the 1st quarter. Pendal Group Ltd now owns 1,517,244 shares of the Wireless communications provider’s stock valued at $57,155,000 after acquiring an additional 1,032,131 shares during the period. Finally, Mondrian Investment Partners LTD grew its stake in China Mobile by 10.1% in the 1st quarter. Mondrian Investment Partners LTD now owns 1,230,998 shares of the Wireless communications provider’s stock valued at $46,372,000 after acquiring an additional 112,418 shares during the period. Institutional investors own 2.19% of the company’s stock.

About China Mobile (NYSE:CHL)

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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