China Mobile Ltd. (ADR) (NYSE:CHL) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded China Mobile Ltd. (ADR) (NYSE:CHL) to Hold in a statement released on Wednesday October 12, 2016.
On Tuesday October 11, 2016, Zacks Investment Research released a statement on China Mobile Ltd. (ADR) (NYSE:CHL) upped the target price from $0.00 to $68.00 that suggested an upside of 0.12%.
Having a price of $60.96, China Mobile Ltd. (ADR) (NYSE:CHL) traded 0.95% higher on the day. With the last close up 4.52% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. China Mobile Ltd. (ADR) has recorded a 50-day average of $61.76 and a two hundred day average of $58.88. Volume of trade was down over the average, with 471,485 shares of CHL changing hands under the typical 565,688
With a total market value of $0, China Mobile Ltd. (ADR) has price-earnings ratio of 15.05 with a one year low of $50.12 and a one year high of $63.89 .
More About China Mobile Ltd. (ADR) (NYSE:CHL)
China Mobile Limited is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company's businesses primarily consist of voice business and data business. The Company's voice business includes voice usage services and voice value-added services. The Company's data businesses include short message services, multimedia message services, wireless data traffic services, wireline broadband services, and applications and information services. The Company provides a range of mobile services in over 30 provinces, autonomous regions and directly-administered municipalities in Mainland China, as well as in Hong Kong. The Company's mobile customers include approximately 833.9 million. It supports transmissions using the second generation standard, third generation standard and fourth generation standard.
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