China Mobile (Hong Kong) (CHL) Receiving Somewhat Favorable Press Coverage, Report Shows

Press coverage about China Mobile (Hong Kong) (NYSE:CHL) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Mobile (Hong Kong) earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned headlines about the Wireless communications provider an impact score of 46.6223205176634 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of research firms have recently weighed in on CHL. Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, August 28th. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Morgan Stanley lowered shares of China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. China Mobile (Hong Kong) presently has an average rating of “Hold” and a consensus target price of $57.00.

Shares of China Mobile (CHL) opened at 50.45 on Wednesday. The stock has a 50 day moving average of $50.88 and a 200-day moving average of $53.21. China Mobile has a 1-year low of $50.00 and a 1-year high of $58.83. The firm has a market cap of $206.60 billion, a price-to-earnings ratio of 12.17 and a beta of 0.29.

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

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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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