China Unicom (Hong Kong) (NYSE:CHU) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of China Unicom (Hong Kong) (NYSE:CHU) from a sell rating to a hold rating in a research report released on Friday, 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 research analysts have also commented on CHU. Credit Suisse Group raised China Unicom (Hong Kong) from a neutral rating to an outperform rating in a report on Wednesday, August 14th. UBS Group raised China Unicom (Hong Kong) from a neutral rating to a buy rating in a report on Monday, June 10th. Finally, New Street Research raised China Unicom (Hong Kong) from a neutral rating to a buy rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. China Unicom (Hong Kong) has an average rating of Buy and an average price target of $12.00.



Shares of NYSE CHU opened at $9.75 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.34 and a current ratio of 0.35. The firm has a market cap of $29.89 billion, a price-to-earnings ratio of 19.50 and a beta of 1.01. The business’s 50-day simple moving average is $10.12 and its 200-day simple moving average is $11.35. China Unicom has a 52 week low of $9.05 and a 52 week high of $13.66.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in China Unicom (Hong Kong) by 145.3% in the 1st quarter. Lindbrook Capital LLC now owns 2,075 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 1,229 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new stake in China Unicom (Hong Kong) in the 2nd quarter valued at approximately $27,000. Parallel Advisors LLC grew its holdings in China Unicom (Hong Kong) by 101.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,628 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 1,325 shares during the last quarter. Signaturefd LLC grew its holdings in China Unicom (Hong Kong) by 68.7% in the 2nd quarter. Signaturefd LLC now owns 4,810 shares of the Wireless communications provider’s stock valued at $52,000 after buying an additional 1,959 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in China Unicom (Hong Kong) by 49.1% in the 1st quarter. Quadrant Capital Group LLC now owns 10,200 shares of the Wireless communications provider’s stock valued at $128,000 after buying an additional 3,357 shares during the last quarter. 1.08% of the stock is currently owned by institutional investors and hedge funds.

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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