Zacks Investment Research Upgrades China Unicom (Hong Kong) (NYSE:CHU) to Hold

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 on Tuesday, Zacks.com reports.

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. “

A number of other analysts also recently weighed in on the company. New Street Research upgraded from a “neutral” rating to a “buy” rating in a research note on Friday, May 3rd. TheStreet upgraded Tupperware Brands from a “d+” rating to a “c” rating in a research note on Friday, March 15th. Finally, UBS Group upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research note on Monday, June 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. China Unicom (Hong Kong) presently has a consensus rating of “Buy” and a consensus price target of $12.00.



Shares of China Unicom (Hong Kong) stock traded down $0.07 during trading on Tuesday, reaching $10.68. The company’s stock had a trading volume of 28,964 shares, compared to its average volume of 442,362. The company has a quick ratio of 0.34, a current ratio of 0.35 and a debt-to-equity ratio of 0.01. China Unicom has a 12-month low of $10.33 and a 12-month high of $13.66. The firm has a market capitalization of $33.44 billion, a P/E ratio of 21.32 and a beta of 0.96. The business’s 50 day simple moving average is $10.76.

Several institutional investors have recently bought and sold shares of CHU. JPMorgan Chase & Co. raised its holdings in China Unicom (Hong Kong) by 129.4% during the third quarter. JPMorgan Chase & Co. now owns 106,968 shares of the Wireless communications provider’s stock worth $1,250,000 after purchasing an additional 60,346 shares during the last quarter. BlackRock Inc. raised its holdings in China Unicom (Hong Kong) by 31,215.9% during the fourth quarter. BlackRock Inc. now owns 255,851 shares of the Wireless communications provider’s stock worth $2,727,000 after purchasing an additional 255,034 shares during the last quarter. Raymond James & Associates raised its holdings in China Unicom (Hong Kong) by 7.3% during the fourth quarter. Raymond James & Associates now owns 20,768 shares of the Wireless communications provider’s stock worth $221,000 after purchasing an additional 1,414 shares during the last quarter. Hsbc Holdings PLC acquired a new position in China Unicom (Hong Kong) during the fourth quarter worth $233,000. Finally, Moon Capital Management LP acquired a new position in China Unicom (Hong Kong) during the fourth quarter worth $916,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, and related value-added services in the People's Republic of China. It also provides broadband and other Internet-related services, information communications technology services, and business and data communications services.

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

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