China Unicom (Hong Kong) (CHU) Upgraded to Hold by Zacks Investment Research

China Unicom (Hong Kong) (NYSE:CHU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “China Unicom Limited is engaged in the provision of cellular, paging, long distance, data and internet services in the People’s Repulic of China. “

Other analysts have also issued research reports about the stock. TheStreet lowered shares of China Unicom (Hong Kong) from a “c” rating to a “d+” rating in a research report on Tuesday, October 23rd. UBS Group lowered shares of China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. Finally, Credit Suisse Group lowered shares of China Unicom (Hong Kong) from an “outperform” rating to a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. China Unicom (Hong Kong) currently has a consensus rating of “Hold” and an average price target of $14.00.



Shares of CHU stock traded down $0.36 during trading on Tuesday, reaching $10.43. The company’s stock had a trading volume of 802,400 shares, compared to its average volume of 347,224. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.05. The firm has a market cap of $33.41 billion, a PE ratio of 94.82 and a beta of 0.91. China Unicom has a one year low of $10.33 and a one year high of $15.53.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in China Unicom (Hong Kong) by 335.9% in the 1st quarter. BlackRock Inc. now owns 428,846 shares of the Wireless communications provider’s stock worth $5,502,000 after purchasing an additional 330,467 shares during the period. LPL Financial LLC purchased a new stake in China Unicom (Hong Kong) during the 1st quarter worth approximately $780,000. Millennium Management LLC increased its stake in China Unicom (Hong Kong) by 91.9% during the 1st quarter. Millennium Management LLC now owns 79,178 shares of the Wireless communications provider’s stock worth $1,016,000 after buying an additional 37,927 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in China Unicom (Hong Kong) during the 1st quarter worth approximately $453,000. Finally, Bank of Montreal Can increased its stake in China Unicom (Hong Kong) by 16.8% during the 2nd quarter. Bank of Montreal Can now owns 188,807 shares of the Wireless communications provider’s stock worth $2,362,000 after buying an additional 27,119 shares in the last quarter. 1.04% of the stock is currently owned by institutional investors and hedge funds.

China Unicom (Hong Kong) Company Profile

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.

See Also: Ex-Dividend

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

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