Shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company.

A number of analysts have issued reports on CHL shares. HSBC Holdings plc downgraded shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Thursday, March 23rd. Zacks Investment Research downgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Finally, BidaskClub downgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a report on Wednesday.

Shares of China Mobile (CHL) traded up 0.07% during mid-day trading on Wednesday, reaching $53.88. The company had a trading volume of 352,851 shares. The company has a market capitalization of $220.64 billion, a P/E ratio of 13.80 and a beta of 0.34. China Mobile has a 12-month low of $51.73 and a 12-month high of $63.89. The firm has a 50-day moving average of $54.57 and a 200-day moving average of $54.92.

The business also recently declared a semiannual dividend, which will be paid on Monday, July 10th. Shareholders of record on Friday, June 2nd will be issued a $0.80 dividend. The ex-dividend date is Wednesday, May 31st. This represents a yield of 2.94%.

A number of hedge funds have recently made changes to their positions in CHL. Lazard Asset Management LLC increased its stake in shares of China Mobile (Hong Kong) by 5.7% in the first quarter. Lazard Asset Management LLC now owns 16,123,221 shares of the Wireless communications provider’s stock worth $890,484,000 after buying an additional 864,087 shares in the last quarter. Cambiar Investors LLC increased its stake in China Mobile (Hong Kong) by 14.5% in the first quarter. Cambiar Investors LLC now owns 4,709,589 shares of the Wireless communications provider’s stock worth $260,111,000 after buying an additional 598,115 shares during the period. Dimensional Fund Advisors LP increased its stake in China Mobile (Hong Kong) by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,947,974 shares of the Wireless communications provider’s stock worth $218,001,000 after buying an additional 128,180 shares during the period. Harding Loevner LP increased its stake in China Mobile (Hong Kong) by 2.6% in the first quarter. Harding Loevner LP now owns 3,162,700 shares of the Wireless communications provider’s stock worth $174,676,000 after buying an additional 79,530 shares during the period. Finally, BlackRock Inc. increased its stake in China Mobile (Hong Kong) by 351.7% in the first quarter. BlackRock Inc. now owns 3,114,943 shares of the Wireless communications provider’s stock worth $172,038,000 after buying an additional 2,425,378 shares during the period. Institutional investors own 2.01% of the company’s stock.

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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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