China Mobile Ltd. (ADR)’s Stock Is Sell After Today’s Bearish Options Activity

 China Mobile Ltd. (ADR)'s Stock Is Sell After Today's Bearish Options Activity

In today’s session China Mobile Ltd. (ADR) (CHL) recorded an unusually high (136) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CHL decrease. With 136 contracts traded and 17964 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CHL170120P00052500 closed last at: $1.05 or 12.5% down. About 62,880 shares traded hands. China Mobile Ltd. (ADR) (NYSE:CHL) has declined 6.98% since April 26, 2016 and is downtrending. It has underperformed by 12.24% 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. As per Wednesday, August 10, the company rating was maintained by Goldman Sachs. The stock of China Mobile Ltd. (ADR) (NYSE:CHL) earned “Mkt Perform” rating by Bernstein on Thursday, October 27. As per Tuesday, January 19, the company rating was upgraded by Deutsche Bank. The stock of China Mobile Ltd. (ADR) (NYSE:CHL) earned “Buy” rating by Jefferies on Friday, August 21.

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 $225.05 billion. The Company’s main businesses include Mobile businesses and Wireline Broadband businesses. It has a 13.73 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.

Another recent and important China Mobile Ltd. (ADR) (NYSE:CHL) news was published by which published an article titled: “China Mobile Ltd. (ADR) Names Shang Bing New Chairman” on August 24, 2015.

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