China Mobile (Hong Kong) Ltd. (CHL) Receives Price Target

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.

China Mobile (Hong Kong) Ltd. (CHL) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 2 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, Goldman Sachs maintains its rating on China Mobile (Hong Kong) Ltd. (NYSE:CHL). Analysts at the Goldman Sachs have a current rating of Buy on the shares. The rating by the firm was issued on August 10, 2016.

China Mobile (Hong Kong) Ltd. (NYSE:CHL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.84 and $60.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.94, notching a gain of 0.38% for the day. The total traded volume was 469,462 . The stock had closed at $60.71 on the previous day.

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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