Brokerage Firm Rating Update on China Mobile (Hong Kong) Ltd. (CHL)

China Mobile (Hong Kong) Ltd. (CHL) : Zacks Investment Research ranks China Mobile (Hong Kong) Ltd. (CHL) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.

China Mobile (Hong Kong) Ltd. (CHL) : The highest level China Mobile (Hong Kong) Ltd. (CHL) is projected to reach is $77 for the short term and the lowest estimate is at $69. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $73.16 and the possibility the share price can swing is $6.02.


For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Goldman Sachs maintains its view on China Mobile (Hong Kong) Ltd. (NYSE:CHL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on August 10, 2016.

China Mobile (Hong Kong) Ltd. (NYSE:CHL): stock was range-bound between the intraday low of $60.665 and the intraday high of $61.11 after having opened at $61.05 on Wednesdays session. The stock finally closed in the red at $61.05, a loss of -0.90%. The stock remained in the red for the whole trading day. The total traded volume was 492,756 shares. The stock failed to cross $61.11 in Wednesdays trading. The stocks closing price on Thursday was $61.34.

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.

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