China Unicom (Hong Kong) Limited (CHU) Given Average Recommendation of “Buy” by Brokerages

Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.00.

A number of brokerages have recently commented on CHU. Zacks Investment Research raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, January 23rd. TheStreet lowered China Unicom (Hong Kong) from a “c” rating to a “d+” rating in a report on Tuesday, October 23rd. UBS Group lowered China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Bank of America raised China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. Finally, ValuEngine raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a report on Thursday, December 20th.

Shares of NYSE CHU traded up $0.04 during mid-day trading on Wednesday, reaching $11.46. 4,886 shares of the company traded hands, compared to its average volume of 561,423. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 104.18 and a beta of 0.96. China Unicom has a fifty-two week low of $10.33 and a fifty-two week high of $14.42.



Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. acquired a new stake in China Unicom (Hong Kong) in the 4th quarter valued at approximately $33,000. Quadrant Capital Group LLC grew its holdings in China Unicom (Hong Kong) by 867.9% in the 4th quarter. Quadrant Capital Group LLC now owns 6,843 shares of the Wireless communications provider’s stock valued at $71,000 after buying an additional 6,136 shares during the last quarter. Brown Advisory Inc. acquired a new stake in China Unicom (Hong Kong) in the 3rd quarter valued at approximately $138,000. We Are One Seven LLC acquired a new stake in China Unicom (Hong Kong) in the 4th quarter valued at approximately $130,000. Finally, Wetherby Asset Management Inc. grew its holdings in China Unicom (Hong Kong) by 16.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 13,887 shares of the Wireless communications provider’s stock valued at $148,000 after buying an additional 1,927 shares during the last quarter. 1.12% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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