China Mobile (Hong Kong) Ltd. (NYSE:CHL) has received an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Bank of America started coverage on China Mobile (Hong Kong) in a research report on Wednesday, August 30th. They issued a “buy” rating for the company. Finally, ValuEngine raised shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BB&T Corp increased its position in shares of China Mobile (Hong Kong) by 2.4% during the 3rd quarter. BB&T Corp now owns 88,959 shares of the Wireless communications provider’s stock valued at $4,498,000 after purchasing an additional 2,124 shares during the last quarter. Vanguard Group Inc. increased its position in shares of China Mobile (Hong Kong) by 26.4% during the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock valued at $7,677,000 after purchasing an additional 29,022 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of China Mobile (Hong Kong) by 20.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,063,227 shares of the Wireless communications provider’s stock valued at $162,627,000 after purchasing an additional 525,370 shares during the last quarter. BT Investment Management Ltd purchased a new stake in shares of China Mobile (Hong Kong) during the 2nd quarter valued at about $42,224,000. Finally, Pekin Singer Strauss Asset Management IL increased its position in shares of China Mobile (Hong Kong) by 8.5% during the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 229,136 shares of the Wireless communications provider’s stock valued at $11,587,000 after purchasing an additional 17,922 shares during the last quarter. 2.01% of the stock is owned by hedge funds and other institutional investors.

China Mobile (CHL) opened at $49.16 on Friday. China Mobile has a 52-week low of $49.00 and a 52-week high of $58.83.

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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, 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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