China Mobile (Hong Kong) Ltd. (NYSE:CHL) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $57.00.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Monday, September 25th. Bank of America Corporation assumed coverage on shares of China Mobile (Hong Kong) in a research note on Wednesday, August 30th. They issued a “buy” rating for the company. Finally, BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th.

Large investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC lifted its stake in China Mobile (Hong Kong) by 19.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock valued at $114,000 after purchasing an additional 342 shares during the last quarter. Israel Discount Bank of New York lifted its position in China Mobile (Hong Kong) by 43.0% during the second quarter. Israel Discount Bank of New York now owns 3,075 shares of the Wireless communications provider’s stock worth $163,000 after acquiring an additional 925 shares during the last quarter. High Pointe Capital Management LLC acquired a new stake in China Mobile (Hong Kong) during the second quarter worth approximately $205,000. National Asset Management Inc. lifted its position in China Mobile (Hong Kong) by 2.5% during the second quarter. National Asset Management Inc. now owns 4,016 shares of the Wireless communications provider’s stock worth $215,000 after acquiring an additional 99 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in China Mobile (Hong Kong) by 0.5% during the second quarter. First Allied Advisory Services Inc. now owns 4,289 shares of the Wireless communications provider’s stock worth $227,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 1.97% of the company’s stock.

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Shares of China Mobile (NYSE CHL) traded up 1.71% during mid-day trading on Thursday, hitting $51.03. The company’s stock had a trading volume of 812,125 shares. The company has a 50-day moving average price of $51.28 and a 200-day moving average price of $53.44. The stock has a market cap of $208.97 billion, a PE ratio of 12.31 and a beta of 0.29. China Mobile has a 1-year low of $50.07 and a 1-year high of $59.16.

The company also recently announced a special dividend, which was paid on Tuesday, October 10th. Investors of record on Thursday, August 31st were paid a $2.0457 dividend. This is an increase from China Mobile (Hong Kong)’s previous special dividend of $0.77. This represents a yield of 3.73%. The ex-dividend date of this dividend was Tuesday, August 29th.

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, 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.

Analyst Recommendations for China Mobile (Hong Kong) (NYSE:CHL)

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