FY2021 Earnings Estimate for China Mobile (Hong Kong) Ltd. (NYSE:CHL) Issued By Jefferies Group

China Mobile (Hong Kong) Ltd. (NYSE:CHL) – Equities researchers at Jefferies Group boosted their FY2021 earnings estimates for China Mobile (Hong Kong) in a report released 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 prior forecast of $3.43.

CHL has been the topic of several other reports. Zacks Investment Research upgraded China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, June 27th. BidaskClub upgraded China Mobile (Hong Kong) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Morgan Stanley lowered China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.00.

ILLEGAL ACTIVITY NOTICE: This report was reported by BBNS and is the property of of BBNS. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://baseballnewssource.com/markets/fy2021-earnings-estimate-for-china-mobile-hong-kong-ltd-nysechl-issued-by-jefferies-group-updated/1304667.html.

Shares of China Mobile (NYSE:CHL) traded up 0.74% during midday trading on Wednesday, hitting $53.42. The stock had a trading volume of 486,368 shares. The firm’s 50-day moving average price is $53.21 and its 200-day moving average price is $54.82. China Mobile has a one year low of $51.30 and a one year high of $63.89. The firm has a market capitalization of $218.76 billion, a PE ratio of 13.46 and a beta of 0.30.

Several hedge funds and other institutional investors have recently bought and sold shares of CHL. Reilly Financial Advisors LLC raised its position in China Mobile (Hong Kong) by 6.6% in the first quarter. Reilly Financial Advisors LLC now owns 17,771 shares of the Wireless communications provider’s stock valued at $981,000 after buying an additional 1,108 shares in the last quarter. Pekin Singer Strauss Asset Management IL raised its position in China Mobile (Hong Kong) by 29.2% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 189,866 shares of the Wireless communications provider’s stock valued at $9,955,000 after buying an additional 42,889 shares in the last quarter. NorthCoast Asset Management LLC raised its position in China Mobile (Hong Kong) by 147.6% in the first quarter. NorthCoast Asset Management LLC now owns 86,441 shares of the Wireless communications provider’s stock valued at $4,774,000 after buying an additional 51,529 shares in the last quarter. Morgan Stanley raised its position in China Mobile (Hong Kong) by 13.9% in the first quarter. Morgan Stanley now owns 868,708 shares of the Wireless communications provider’s stock valued at $47,978,000 after buying an additional 105,974 shares in the last quarter. Finally, Credit Suisse AG raised its position in China Mobile (Hong Kong) by 35.6% in the first quarter. Credit Suisse AG now owns 431,036 shares of the Wireless communications provider’s stock valued at $23,807,000 after buying an additional 113,056 shares in the last quarter. Institutional investors and hedge funds own 2.01% of the company’s stock.

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 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.

Receive News & Ratings for China Mobile (Hong Kong) Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile (Hong Kong) Ltd. and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.