China Mobile (Hong Kong) Ltd. (NYSE:CHL) – Equities research analysts at Jefferies Group upped their FY2021 earnings per share (EPS) estimates for China Mobile (Hong Kong) in a research note issued on Tuesday. Jefferies Group analyst A. Lee now expects that the Wireless communications provider will earn $3.53 per share for the year, up from their previous estimate of $3.43.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday, June 27th. BidaskClub raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Morgan Stanley downgraded China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $60.00.

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Shares of China Mobile (NYSE:CHL) traded down 1.65% during trading on Wednesday, hitting $52.96. 444,225 shares of the stock were exchanged. China Mobile has a 1-year low of $51.30 and a 1-year high of $63.89. The firm’s 50-day moving average is $53.25 and its 200 day moving average is $54.83. The company has a market cap of $216.88 billion, a P/E ratio of 13.34 and a beta of 0.30.

Hedge funds and other institutional investors have recently modified their holdings of the company. Israel Discount Bank of New York acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at approximately $119,000. Integrated Investment Consultants LLC increased its position in shares of China Mobile (Hong Kong) by 10.0% in the first quarter. Integrated Investment Consultants LLC now owns 2,619 shares of the Wireless communications provider’s stock valued at $145,000 after buying an additional 239 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of China Mobile (Hong Kong) by 67.1% in the first quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock valued at $145,000 after buying an additional 1,058 shares during the last quarter. Signaturefd LLC acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at approximately $203,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at approximately $211,000. 2.01% of the stock is owned by hedge funds and other institutional investors.

China Mobile (Hong Kong) Company Profile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

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