Somewhat Favorable News Coverage Somewhat Unlikely to Impact China Mobile (CHL) Stock Price

Media headlines about China Mobile (NYSE:CHL) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Mobile earned a news impact score of 0.25 on Accern’s scale. Accern also gave press coverage about the Wireless communications provider an impact score of 45.7849026183616 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of NYSE:CHL traded down $0.82 during trading on Wednesday, reaching $46.20. The stock had a trading volume of 625,671 shares, compared to its average volume of 894,887. The firm has a market capitalization of $191.81 billion, a PE ratio of 11.19, a P/E/G ratio of 2.21 and a beta of 0.53. China Mobile has a 1-year low of $44.55 and a 1-year high of $56.93.

The company also recently declared a special dividend, which will be paid on Monday, July 9th. Stockholders of record on Thursday, May 24th will be paid a $1.0082 dividend. The ex-dividend date is Wednesday, May 23rd. China Mobile’s dividend payout ratio is presently 39.95%.

Several analysts have commented on the company. HSBC raised China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 5th. Zacks Investment Research lowered China Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. ValuEngine lowered China Mobile from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Jefferies Group raised China Mobile from an “underperform” rating to a “hold” rating in a research note on Thursday, March 22nd. Finally, Nomura lowered China Mobile from a “buy” rating to a “neutral” rating in a research note on Monday, March 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $52.00.

About China Mobile

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including 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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