China Mobile (CHL) Higher After Goldman Sachs Upgrade to 'Buy'
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Price: $27.51 --0%
Rating Summary:
6 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 7 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Shares of China Mobile (NYSE: CHL) are higher early Friday after Goldman Sachs upgraded the stock from Neutral to Buy with a price target of $61 (up from $54).
The firm cited the company's low sensitivity to subsidies, improving TD smartphone, reliable cash yield and TD-LTE-related potential upside with market share loss mostly priced in.
For an analyst ratings summary and ratings history on China Mobile click here. For more ratings news on China Mobile click here.
Shares of China Mobile last traded at $54.90, up 4.4 percent.
The firm cited the company's low sensitivity to subsidies, improving TD smartphone, reliable cash yield and TD-LTE-related potential upside with market share loss mostly priced in.
For an analyst ratings summary and ratings history on China Mobile click here. For more ratings news on China Mobile click here.
Shares of China Mobile last traded at $54.90, up 4.4 percent.
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