Shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company.

A number of research analysts recently commented on the company. Zacks Investment Research raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Monday, August 28th. BidaskClub raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Morgan Stanley cut China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th.

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China Mobile (NYSE CHL) opened at 50.64 on Friday. The company has a market capitalization of $207.38 billion, a PE ratio of 12.22 and a beta of 0.31. The company has a 50 day moving average of $54.04 and a 200 day moving average of $54.24. China Mobile has a 52-week low of $50.46 and a 52-week high of $63.26.

The company also recently disclosed a special dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Thursday, August 31st will be issued a dividend of $2.0457 per share. This represents a dividend yield of 3.73%. This is a boost from China Mobile (Hong Kong)’s previous special dividend of $0.77. The ex-dividend date is Tuesday, August 29th.

Several institutional investors and hedge funds have recently modified their holdings of CHL. JFS Wealth Advisors LLC raised its holdings in shares of China Mobile (Hong Kong) by 19.0% during the 2nd quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock worth $114,000 after acquiring an additional 342 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in shares of China Mobile (Hong Kong) during the 1st quarter worth approximately $119,000. SRS Capital Advisors Inc. raised its holdings in shares of China Mobile (Hong Kong) by 67.1% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock worth $145,000 after acquiring an additional 1,058 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of China Mobile (Hong Kong) during the 1st quarter worth approximately $203,000. Finally, High Pointe Capital Management LLC purchased a new stake in shares of China Mobile (Hong Kong) during the 2nd quarter worth approximately $205,000. 1.97% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for China Mobile (Hong Kong) (NYSE:CHL)

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