Hitting A New 52 Week High, China Mobile Ltd. (NYSE:CHL) Close At $54.94

CHL
CHL

China Mobile Ltd. (NYSE:CHL)

March 15th, 2019

Amidst rising markets China Mobile Ltd. closed the day up $0.71 Friday which equals a 1.31% jump, closing at $54.94. Furthermore it hit a new 52 week high of $54.95. In addition to finishing higher, trading volumes were solid at 201.00% of normal which can indicate investors see opportunities.

CHL outperformed the rest of the Communication Services sector which went up 0.01% today.

Forecasts from 3 analysts suggest that China Mobile Ltd. could increase somewhat (7.81%), while Finbox has calculated (with medium uncertainty) a fair value price of $65.50.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending up. Information Technology saw the biggest increase of the day (1.22%), while Real Estate saw the biggest drop (-0.38%). Information Technology has seen the biggest year-to-date gain at 16.35%.

Real Estate and Industrials both saw turn arounds from their five day positive performance, Real Estate with a drop of -0.38%.

Sector Breakdown

  • Information Technology went up with a 1.22% change.
  • Consumer Discretionary went up with a 0.71% change.
  • Financials went up with a 0.64% change.
  • Consumer Staples went up with a 0.50% change.
  • Healthcare went up with a 0.49% change.
  • Utilities went up with a 0.47% change.
  • Materials went up with a 0.20% change.
  • Communication Services went up with a 0.01% change.
  • Energy went down with a -0.08% change.
  • Industrials went down with a -0.25% change.
  • Real Estate went down with a -0.38% change.

China Mobile Ltd. Info

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others. It also provides wireless Internet service, as well as digital applications comprising music, video, reading, gaming, and animation; wireline broadband services; and wireline voice services through wireline voice networks. In addition, it offers dedicated line and IDC services to corporate customers in a range of industry sectors; and basic corporate communication products comprising corporate VPMN and SMS, and tailor made solutions. Further, the company provides international telecommunications services, which includes IDD, roaming, Internet, MNC, and value added business services. Additionally, it offers telecommunications network planning, design, and consulting services; roaming clearance services; technology platform development and maintenance services; mobile data, and system integration and development services; network construction and maintenance, network planning and optimizing, and training services; electronic communication products design and sale of related products; non-banking financial services; computer hardware and software research and development services; call center services; and mobile Internet digital content services, as well as operates a network and business coordination center. As of 31 December 2017, the company served 887 million mobile customers and 113 million wireline broadband customers. The company was formerly known as China Mobile (Hong Kong) Limited and changed its name to China Mobile Limited in May 2006. The company was incorporated in 1997 and is based in Central, Hong Kong. China Mobile Limited is a subsidiary of China Mobile Hong Kong (BVI) Limited.

All amounts in USD unless otherwise indicated

CHL daily update
CHL daily update

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