Is China Mobile Ltd. (ADR) a Buy? The Stock Had Bullish Options Activity Today

 Is China Mobile Ltd. (ADR) a Buy? The Stock Had Bullish Options Activity Today

In today’s session China Mobile Ltd. (ADR) (CHL) registered an unusually high (250) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CHL increase. With 250 contracts traded and 4334 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CHL161118C00057500 closed last at: $0.65 or 23.5% down. About 213,492 shares traded hands. China Mobile Ltd. (ADR) (NYSE:CHL) has risen 2.83% since April 5, 2016 and is uptrending. It has outperformed by 0.88% the S&P500.

China Mobile Ltd. (ADR) (NYSE:CHL) Ratings Coverage

Out of 4 analysts covering China Mobile (NYSE:CHL), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. China Mobile has been the topic of 5 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Jefferies maintained China Mobile Ltd. (ADR) (NYSE:CHL) on Friday, August 21 with “Buy” rating. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, August 10. The stock of China Mobile Ltd. (ADR) (NYSE:CHL) earned “Buy” rating by Deutsche Bank on Tuesday, January 19. Bernstein downgraded the shares of CHL in a report on Thursday, October 27 to “Mkt Perform” rating.

According to Zacks Investment Research, “China Mobile offers mobile communications services principally using Global System for Mobile Communications, or GSM, which is a pan-European mobile telephone system based on digital transmission and mobile communications network architecture with roaming capabilities. Our GSM networks reach all cities and counties and most major roads and highways in our service regions.”

China Mobile Limited is an investment holding firm principally engaged in telecommunication and related businesses. The company has a market cap of $231.45 billion. The Company’s main businesses include Mobile businesses and Wireline Broadband businesses. It has a 14.09 P/E ratio. Mobile businesses include two categories of services.

CHL Company Profile

China Mobile Limited, incorporated on October 3, 1997, is engaged in the provision of telecommunications and related services. The Firm offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company’s businesses primarily consist of voice business and data business. The Firm provides a range of mobile services in over 30 provinces, autonomous regions and directly-administered municipalities in Mainland China, as well as in Hong Kong. The Company’s mobile clients include approximately 833.9 million. The Firm supports transmissions using the second generation (2G) standard, third generation (3G) standard and fourth generation (4G) standard.

More recent China Mobile Ltd. (ADR) (NYSE:CHL) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Also Businessfinancenews.com published the news titled: “China Mobile Ltd. (ADR) Names Shang Bing New Chairman” on August 24, 2015. Streetinsider.com‘s news article titled: “Form 6-K CHINA MOBILE LTD /ADR/ For: Sep 14” with publication date: September 14, 2015 was also an interesting one.

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