China Mobile (Hong Kong) Ltd. (CHL) : Traders are bullish on China Mobile (Hong Kong) Ltd. (CHL) as it has outperformed the S&P 500 by a wide margin of 5.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.77% in the last 1 week, and is up 6.17% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.42% and the 50-Day Moving Average is 7.77%. China Mobile (Hong Kong) Ltd. (NYSE:CHL): stock turned positive on Friday. Though the stock opened at $63.32, the bulls momentum made the stock top out at $63.6199 level for the day. The stock recorded a low of $63.27 and closed the trading day at $63.36, in the green by 0.83%. The total traded volume for the day was 513,579. The stock had closed at $62.84 in the previous days trading.
Institutional Investors own 1.89% of China Mobile (Hong Kong) Ltd. shares. Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on China Mobile (Hong Kong) Ltd. (NYSE:CHL). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on August 10, 2016.
China Mobile Limited is an investment holding company. The Company is engaged in providing mobile telecommunications and related services in 31 provinces, autonomous regions and directly-administered municipalities in Mainland China and Hong Kong Special Administrative Region through its subsidiaries. The Companys business is divided into voice services and data services. The Companys customer service hotline offers assistance on different mobile service difficulties, handles all enquires and subscription of a range of mobile phone services. Its voice services include the business where its customers make and receive calls with a mobile phone at its mobile telecommunications networks. Its data services include Short Message Services and Multimedia Messaging Service, Wireless Data Traffic, Applications and Information Services.