China Unicom (Hong Kong) Limited (CHU) Receives Consensus Rating of “Hold” from Brokerages

China Unicom (Hong Kong) Limited (NYSE:CHU) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company.

Separately, Mizuho lowered China Unicom (Hong Kong) from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 7th.

Shares of CHU stock traded down $0.45 during trading hours on Wednesday, reaching $11.47. The company had a trading volume of 8,762 shares, compared to its average volume of 313,847. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.32 and a quick ratio of 0.31. The firm has a market capitalization of $37.21 billion, a PE ratio of 104.36 and a beta of 0.89. China Unicom has a 12-month low of $11.78 and a 12-month high of $16.55.



A number of institutional investors have recently modified their holdings of CHU. FMR LLC grew its position in China Unicom (Hong Kong) by 19.0% in the second quarter. FMR LLC now owns 5,811,872 shares of the Wireless communications provider’s stock worth $72,707,000 after acquiring an additional 928,193 shares during the period. Thornburg Investment Management Inc. grew its position in China Unicom (Hong Kong) by 38.2% in the first quarter. Thornburg Investment Management Inc. now owns 2,683,489 shares of the Wireless communications provider’s stock worth $34,429,000 after acquiring an additional 741,484 shares during the period. Millennium Management LLC grew its position in China Unicom (Hong Kong) by 423.1% in the second quarter. Millennium Management LLC now owns 414,168 shares of the Wireless communications provider’s stock worth $5,181,000 after acquiring an additional 334,990 shares during the period. BlackRock Inc. grew its position in China Unicom (Hong Kong) by 335.9% in the first quarter. BlackRock Inc. now owns 428,846 shares of the Wireless communications provider’s stock worth $5,502,000 after acquiring an additional 330,467 shares during the period. Finally, Royal Bank of Canada grew its position in China Unicom (Hong Kong) by 15.6% in the first quarter. Royal Bank of Canada now owns 1,738,454 shares of the Wireless communications provider’s stock worth $22,303,000 after acquiring an additional 234,242 shares during the period. Institutional investors own 0.98% of the company’s stock.

About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited, an integrated telecommunications operator, provides telecommunications services and telecommunications products worldwide. It offers mobile voice services that enable its subscribers to make and receive phone calls comprising local calls, domestic and international long-distance calls, intra-provincial roaming, inter-provincial roaming, and international roaming; and mobile data, mobile reading, mobile music, WO app store, SMS, personalized ring-back tone, and other wireless information services.

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Analyst Recommendations for China Unicom (Hong Kong) (NYSE:CHU)

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