China Mobile Limited (NYSE:CHL) Trading Up

18 September, 2017

Short traders are more bearish on China Mobile Limited of late as indicated by the motion in short interest. The last closing price is up 1.39% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. The value of the investment in (CHL) increased from $635,000 to $1,823,000 a change of 187.1% for the reporting period.

Institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC now owns 488 shares valued at $7,000. JFS Wealth Advisors LLC increased its position in shares of China Mobile (Hong Kong) by 19.0% during the second quarter. Checchi Capital Advisers, LLC now controls 16,942 shares with a value of $899,000. The dividend will be $0.700 per share for the quarter which comes to $2.80 on an annualized basis. The Company provides a range of mobile services in over 30 provinces, autonomous regions and directly-administered municipalities in Mainland China, as well as in Hong Kong. Nine Masts Capital Ltd now holds 406,000 shares worth $6,032,000.

The company is so far trading up by 1.00%% since yesterday's close of 51.93. The stock is trading at $14.20 just below the 50 day moving average which is $14.82 and a tad higher than the 200 day moving average of $14.01.

China Unicom (Hong Kong) Limited (ADR) has a 52 week low of $10.84 and a 52 week high of $16.55 with a P/E ratio of 142.00 The company's market cap is now $0. Additionally the company declared a dividend for shareholders which will be paid on Tuesday the 10th of October 2017.

BidaskClub has downgraded China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) to Hold in a report released on Tuesday June 20, 2017. This represents a yield of 3.73%. This is a boost from China Mobile (Hong Kong)'s previous special dividend of $0.77. They issued a "buy" rating on the stock. Israel Discount Bank of NY bought a new position in China Mobile (Hong Kong) in the 1st quarter worth $119,000. Morgan Stanley cut China Mobile (Hong Kong) from an "overweight" rating to an "underweight" rating in a research report on Wednesday, July 5th. Signaturefd LLC bought a new position in China Mobile (Hong Kong) in the 1st quarter worth $203,000. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company now has a consensus rating of "Hold" and an average target price of $63.00.

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A few notable investment firms have updated their holdings. The Company's businesses include mobile businesses, fixed-line businesses and others. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses.

Want to see what other hedge funds are holding CHL?

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