A Favorite Amongst Fund Managers, This Chinese Equity Just Got Upgraded to BUY 1

China Mobile

China Mobile Ltd. (CHL) is number 3 in our list of the most popular stocks that emerging market funds (EEM) (VWO) are invested in. The company was among the top 10 holdings of 5 out of 10 funds that were part of our analysis. These are:

Among institutional investors, these are the funds that are invested into the CHL ADR currently:

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12.89% return over the past year

CHL is a Chinese state-owned telecommunication company that provides mobile voice and multimedia services through its nationwide mobile telecommunications network.

Trading under the ADR ticker CHL on the NYSE, the company has the market capitalization of $232.8 billion. The company reported a net profit margin of 16.37% in the second quarter of 2016, up from the 16.26% reported in 2015. The company generates 8.28% Return on Assets (ROA) and a 12.89% Return on Equity (ROE).

Trading at $57 a share currently, the stock is already up 8.72% for the year. It has gained 4.53% over the past 1 year.

Analyst recommendations: BUY

The stock currently has 60% BUY recommendations from analysts, against a 40% HOLD recommendations. Consensus 12-month target price for the stock stands at $67.12. The stock is currently trading at $57 a share. On January 26, HSBC Holdings plc analysts upgraded its rating on the stock from hold to buy. On January 31, Deutsche Bank AG analysts upgraded its rating on the stock from ‘hold’ to ‘BUY.’

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