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.
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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