Goldman Sachs Group Inc. downgraded China Mobile Ltd. (ADR) (NYSE:CHL) to Neutral in a statement released earlier today.
- Updated: September 22, 2016
Goldman Sachs Group Inc. has downgraded China Mobile Ltd. (ADR) (NYSE:CHL) to Neutral in a statement released on 9/22/2016.
On 8/24/2015, Jefferies & Co released a statement for China Mobile Ltd. (ADR) (NYSE:CHL) maintained the target price at $76.00 that suggested an upside of 0.21%.
Boasting a price of $62.51, China Mobile Ltd. (ADR) (NYSE:CHL) traded 0.35% higher on the day. With the last stock price close up 7.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. China Mobile Ltd. (ADR) has recorded a 50-day average of $62.03 and a two hundred day average of $58.14. Volume of trade was down over the average, with 375,122 shares of CHL changing hands under the typical 586,628
With a total market value of $0, China Mobile Ltd. (ADR) has price-earnings ratio of 15.30 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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