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:
- Form 6-K CHINA MOBILE LTD /ADR/ For: May 18 (streetinsider.com)
- China Tower files application to launch IPO (rcrwireless.com)
- China Mobile eyes possible return to A-share market (atimes.com)
- China Mobile Commerce Business and Investment Opportunities Databook 2016-2025 – ResearchAndMarkets.com (businesswire.com)
- China Mobile mulls return to mainland listings (mobileworldlive.com)
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.
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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