Somewhat Favorable News Coverage Somewhat Unlikely to Affect China Mobile (Hong Kong) (NYSE:CHL) Stock Price

News coverage about China Mobile (Hong Kong) (NYSE:CHL) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Mobile (Hong Kong) earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the Wireless communications provider an impact score of 46.2382048412728 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

China Mobile (NYSE CHL) opened at 56.55 on Friday. China Mobile has a 12-month low of $51.30 and a 12-month high of $63.89. The stock has a market cap of $231.58 billion, a price-to-earnings ratio of 14.19 and a beta of 0.30. The company has a 50-day moving average of $53.23 and a 200 day moving average of $54.72.

Several equities research analysts have issued reports on the stock. BidaskClub cut shares of China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Morgan Stanley cut shares of 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 assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $60.00.

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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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