China Mobile Ltd. (ADR) (NYSE:CHL) - China Mobile of which currently provides a range of mobile telecommunication services to over 31 provinces round the globe is a company of which is using its (GSM) technology to try and put themselves as the number one phone provider around the globe. In 2013, the company purchased its networks equipment primarily from Huawei Technologies, ZTE, Ericsson, Nokia Siemens and FiberHome Technologies. It is estimated as of March 31st 2014, that the company's total number of customers has reached an astonishing 78.1 M and its total number of 3G / 4 G customers has reaches almost 216 M customers a number that is literally almost the total population of the USA. What are your thoughts and opinions about this topic please express below.
Over the past 1 year shares have traded as high as $65.55, and as low as $41.35. Shares today closed at $60.70 per diluted shares up 2.29% on the day over $1.30. Currently it is estimated that the P/E ratio is 12.99 which is rather cheap right? Shares currently offer a $0.99 per diluted share dividend or just over a 5% Yield. At this point and time I think that shares may be undervalued, especially with the 5% dividend kicker. If I was you I would add this company to your Watch Lists.