China Mobile (Hong Kong) (CHL) Earns Daily Coverage Optimism Score of 0.17
News stories about China Mobile (Hong Kong) (NYSE:CHL) have trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China Mobile (Hong Kong) earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the Wireless communications provider an impact score of 45.7482270596593 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of China Mobile (NYSE:CHL) traded down 0.58% during trading on Friday, reaching $52.69. 490,195 shares of the company traded hands. The firm has a market capitalization of $215.77 billion, a PE ratio of 13.01 and a beta of 0.31. China Mobile has a 12 month low of $51.30 and a 12 month high of $63.26. The firm has a 50-day moving average price of $54.29 and a 200-day moving average price of $54.44.
The business also recently declared a special dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Thursday, August 31st will be given a $2.0457 dividend. This represents a dividend yield of 3.73%. This is a positive change from China Mobile (Hong Kong)’s previous special dividend of $0.77. The ex-dividend date is Tuesday, August 29th.
A number of research firms have recently weighed in on CHL. Zacks Investment Research lowered shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub raised shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Bank of America Corporation began coverage on shares of China Mobile (Hong Kong) in a research report on Wednesday, August 30th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. China Mobile (Hong Kong) presently has an average rating of “Hold” and an average price target of $63.00.
About China Mobile (Hong Kong)
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) 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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