Market Overview

UPDATE: Barclays Upgrades China Mobile to Overweight on Relative Merits Among Peers

Related CHL
China 3G/4G Subscribers Grew 39% Last Month: Here's What It Means
Credit Suisse Maintains Overweight On Chinese Telecoms Ahead Of Half-Year Earnings

Barclays raised its rating on China Mobile (NYSE: CHL) from Equal-weight to Overweight.

Barclays commented, "We see CM as the best structural story relative to price in Chinese telcos at current levels. We see CT (EW) as fairly valued with no catalysts; CU (EW) needs to execute better. With TD-SCDMA gathering some momentum and TD-LTE trials around the corner, we believe higher wireless data usage, revenue growth and then earnings uplift in that order serve as potential positive catalysts for CM into and through 2013. Relative earnings stability and the ~4% yield are pluses; we think near-term earnings overhangs are well understood."

China Mobile closed at $56.10 on Monday.

Latest Ratings for CHL

Mar 2015UBSUpgradesSellNeutral
Mar 2015Morgan StanleyDowngradesOverweightEqualweight
Mar 2015JefferiesMaintainsBuy

View More Analyst Ratings for CHL
View the Latest Analyst Ratings

Posted-In: BarclaysAnalyst Color Upgrades Intraday Update Analyst Ratings


Related Articles (CHL)

Get Benzinga's Newsletters