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

Media headlines about China Mobile (Hong Kong) (NYSE:CHL) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. China Mobile (Hong Kong) earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the Wireless communications provider an impact score of 46.2382048412728 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently commented on CHL shares. Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, June 27th. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. China Mobile (Hong Kong) presently has an average rating of “Hold” and a consensus target price of $62.00.

China Mobile (NYSE CHL) traded up 0.51% during midday trading on Friday, reaching $55.36. 455,698 shares of the company were exchanged. The company has a 50-day moving average of $53.58 and a 200 day moving average of $54.69. China Mobile has a 52 week low of $51.30 and a 52 week high of $63.34. The firm has a market capitalization of $226.70 billion, a PE ratio of 13.65 and a beta of 0.30.

The firm also recently announced a special dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Thursday, August 31st will be given a dividend of $2.0457 per share. This represents a dividend yield of 3.73%. This is an increase from China Mobile (Hong Kong)’s previous special dividend of $0.77. The ex-dividend date is Tuesday, August 29th.

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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, 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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