China Mobile (Hong Kong) Ltd. to Post FY2017 Earnings of $3.98 Per Share, Jefferies Group Forecasts (NYSE:CHL)

China Mobile (Hong Kong) Ltd. (NYSE:CHL) – Research analysts at Jefferies Group increased their FY2017 earnings estimates for shares of China Mobile (Hong Kong) in a report released on Tuesday. Jefferies Group analyst A. Lee now forecasts that the Wireless communications provider will post earnings per share of $3.98 for the year, up from their prior estimate of $3.88. Jefferies Group also issued estimates for China Mobile (Hong Kong)’s FY2018 earnings at $3.86 EPS, FY2019 earnings at $3.73 EPS and FY2020 earnings at $3.64 EPS.

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CHL has been the subject of a number of other research reports. Zacks Investment Research raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. Morgan Stanley lowered China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. Finally, BidaskClub lowered China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. China Mobile (Hong Kong) currently has an average rating of “Hold” and an average price target of $60.00.

Shares of China Mobile (NYSE CHL) traded down 0.46% during trading on Thursday, hitting $53.60. The stock had a trading volume of 126,178 shares. China Mobile has a 52 week low of $51.30 and a 52 week high of $63.89. The stock has a market capitalization of $219.50 billion, a price-to-earnings ratio of 13.50 and a beta of 0.30. The firm has a 50 day moving average price of $53.25 and a 200-day moving average price of $54.83.

Several institutional investors have recently added to or reduced their stakes in CHL. Israel Discount Bank of New York acquired a new position in China Mobile (Hong Kong) during the first quarter worth $119,000. Integrated Investment Consultants LLC raised its position in shares of China Mobile (Hong Kong) by 10.0% in the first quarter. Integrated Investment Consultants LLC now owns 2,619 shares of the Wireless communications provider’s stock worth $145,000 after buying an additional 239 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of China Mobile (Hong Kong) by 67.1% in the first quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock worth $145,000 after buying an additional 1,058 shares during the last quarter. Signaturefd LLC purchased a new position in shares of China Mobile (Hong Kong) during the first quarter worth approximately $203,000. Finally, Sawtooth Solutions LLC purchased a new position in shares of China Mobile (Hong Kong) during the first quarter worth approximately $211,000. 2.01% of the stock is owned by hedge funds and other institutional investors.

About China Mobile (Hong Kong)

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.