China Mobile (Hong Kong) Ltd. (CHL) Receives Analyst Rating

China Mobile (Hong Kong) Ltd. (CHL) : 2 analysts are covering China Mobile (Hong Kong) Ltd. (CHL) and their average rating on the stock is 1, which is read as a Strong Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

China Mobile (Hong Kong) Ltd. (CHL) : The most positive equity analysts on China Mobile (Hong Kong) Ltd. (CHL) expects the shares to touch $77, whereas, the least positive believes that the stock will trade at $69 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $73.16 with an expected fluctuation of $6.02 from the mean.


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 (Hong Kong) Ltd. (NYSE:CHL): After opening at $61.1, the stock dipped to an intraday low of $61.06 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $61.7 and the buying power remained strong till the end. The stock closed at $61.62 for the day, a gain of 0.21% for the day session. The total traded volume was 517,427. The stocks close on the previous trading day was $61.49.

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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