BidaskClub downgraded shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) from a hold rating to a sell rating in a research report released on Monday, July 31st.
CHL has been the subject of a number of other research reports. Zacks Investment Research raised shares of China Mobile (Hong Kong) from a hold rating to a buy rating and set a $60.00 price objective for the company in a research report on Tuesday, June 27th. Morgan Stanley lowered shares of China Mobile (Hong Kong) from an overweight rating to an underweight rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. China Mobile (Hong Kong) currently has a consensus rating of Hold and an average target price of $60.00.
China Mobile (NYSE:CHL) traded up 2.67% on Monday, reaching $56.55. The company’s stock had a trading volume of 987,296 shares. The stock has a 50 day moving average price of $53.23 and a 200-day moving average price of $54.72. China Mobile has a 1-year low of $51.30 and a 1-year high of $63.89. The company has a market capitalization of $231.58 billion, a price-to-earnings ratio of 14.03 and a beta of 0.30.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Reilly Financial Advisors LLC raised its position in shares of China Mobile (Hong Kong) by 6.6% in the first quarter. Reilly Financial Advisors LLC now owns 17,771 shares of the Wireless communications provider’s stock worth $981,000 after buying an additional 1,108 shares in the last quarter. Bank of Montreal Can raised its position in China Mobile (Hong Kong) by 25.3% in the second quarter. Bank of Montreal Can now owns 230,423 shares of the Wireless communications provider’s stock valued at $12,233,000 after buying an additional 46,551 shares during the period. NorthCoast Asset Management LLC raised its position in China Mobile (Hong Kong) by 147.6% in the first quarter. NorthCoast Asset Management LLC now owns 86,441 shares of the Wireless communications provider’s stock valued at $4,774,000 after buying an additional 51,529 shares during the period. Morgan Stanley raised its position in China Mobile (Hong Kong) by 13.9% in the first quarter. Morgan Stanley now owns 868,708 shares of the Wireless communications provider’s stock valued at $47,978,000 after buying an additional 105,974 shares during the period. Finally, Credit Suisse AG raised its position in China Mobile (Hong Kong) by 35.6% in the first quarter. Credit Suisse AG now owns 431,036 shares of the Wireless communications provider’s stock valued at $23,807,000 after buying an additional 113,056 shares during the period. 1.97% of the stock is owned by institutional investors and hedge funds.
China Mobile (Hong Kong) Company Profile
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) 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.
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