China Mobile (Hong Kong) Ltd. (NYSE:CHL) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research[1] downgraded shares of China Mobile Cellnet Review (Hong Kong) Ltd. (NYSE:CHL) from a buy rating to a hold rating in a research note published on Monday, October 23rd. According to Zacks, “China Mobile Cellnet Review offers mobile cellnet review communications services principally using Global System for Mobile Cellnet Review Communications, or GSM, which is a pan-European mobile cellnet review telephone system based on digital transmission and mobile cellnet review communications network architecture with roaming capabilities. Our GSM networks reach all cities and counties and most major roads and highways in our service regions. ”

A number of other equities research analysts also recently issued reports on the stock.

Bank of America Corporation assumed coverage on shares of China Mobile Cellnet Review (Hong Kong) in a research note on Wednesday, August 30th. They set a buy rating on the stock. BidaskClub raised shares of China Mobile Cellnet Review (Hong Kong) from a sell rating to a hold rating in a research note on Friday, August 11th.

Finally, Morgan Stanley downgraded shares of China Mobile Cellnet Review (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 given a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of £57.00.

TRADEMARK VIOLATION WARNING: This news story was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune.

If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.truebluetribune.com/2017/11/02/china-mobile cellnet review-hong-kong-ltd-chl-stock-rating-lowered-by-zacks-investment-research-2.html. The company also recently announced a special dividend, which was paid on Tuesday, October 10th.

Stockholders of record on Thursday, August 31st were paid a £2.0457 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a dividend yield of 3.73%.

This is an increase from China Mobile Cellnet Review (Hong Kong)’s previous special dividend of £0.77. A number of institutional investors have recently modified their holdings of the business. First Allied Advisory Services Inc. boosted its holdings in shares of China Mobile Cellnet Review (Hong Kong) by 0.5% in the 2nd quarter.

First Allied Advisory Services Inc. now owns 4,289 shares of the Wireless communications provider’s stock valued at £227,000 after buying an additional 23 shares in the last quarter. National Asset Management Inc. boosted its holdings in shares of China Mobile Cellnet Review (Hong Kong) by 2.5% in the 2nd quarter. National Asset Management Inc. now owns 4,016 shares of the Wireless communications provider’s stock valued at £215,000 after buying an additional 99 shares in the last quarter.

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of China Mobile Cellnet Review (Hong Kong) by 0.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 22,978 shares of the Wireless communications provider’s stock valued at £1,220,000 after buying an additional 110 shares in the last quarter. Wrapmanager Inc. boosted its holdings in shares of China Mobile Cellnet Review (Hong Kong) by 2.2% in the 2nd quarter.

Wrapmanager Inc. now owns 8,753 shares of the Wireless communications provider’s stock valued at £465,000 after buying an additional 186 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of China Mobile Cellnet Review (Hong Kong) by 0.3% in the 2nd quarter. US Bancorp DE now owns 69,639 shares of the Wireless communications provider’s stock valued at £3,697,000 after buying an additional 227 shares in the last quarter.

Institutional investors own 1.98% of the company’s stock. China Mobile Cellnet Review (Hong Kong) Company Profile China Mobile Cellnet Review Limited is an investment holding company principally engaged in telecommunication and related businesses.

Its main businesses include Mobile Cellnet Review businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile Cellnet Review businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

Get a free copy of the Zacks research report on China Mobile Cellnet Review (Hong Kong) (CHL)[2]

For more information about research offerings from Zacks Investment Research, visit Zacks.com[3]

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References

  1. ^ Zacks Investment Research (www.americanconsumernews.net)
  2. ^ Get a free copy of the Zacks research report on China Mobile Cellnet Review (Hong Kong) (CHL) (www.zacks.com)
  3. ^ Zacks.com (www.americanconsumernews.net)
  4. ^ MarketBeat.com’s FREE daily email newsletter (www.truebluetribune.com)

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