China Mobile (Hong Kong) Ltd. (CHL) has risen sharply, recording gains of 1.67% in the past 4 weeks. However, the stock has corrected -0.05% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
China Mobile Limited is up 18% in the last 3-month period. Year-to-Date the stock performance stands at 14%. The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 6.68%.
China Mobile (Hong Kong) Ltd. (NYSE:CHL): The stock opened at $63.42 on Friday but the bulls could not build on the opening and the stock topped out at $63.64 for the day. The stock traded down to $63.14 during the day, due to lack of any buying support eventually closed down at $63.33 with a loss of -0.61% for the day. The stock had closed at $63.72 on the previous day. The total traded volume was 488,529 shares.
Also, Equity Analysts at the Goldman Sachs maintains the rating on China Mobile (Hong Kong) Ltd. (NYSE:CHL). The brokerage firm has issued a 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.