China Unicom (Hong Kong) Ltd (CHU) Receives Average Recommendation of “Hold” from Brokerages

China Unicom (Hong Kong) Ltd (CHU) Receives Average Recommendation of “Hold” from Brokerages

Shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.50.

CHU has been the subject of several analyst reports. Deutsche Bank AG downgraded shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. Nomura downgraded shares of China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 30th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ronald Blue & Co. LLC bought a new position in China Unicom (Hong Kong) during the third quarter worth approximately $133,000. M&T Bank Corp acquired a new position in China Unicom (Hong Kong) during the third quarter worth about $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in China Unicom (Hong Kong) during the second quarter worth about $141,000. Pacad Investment Ltd. acquired a new position in China Unicom (Hong Kong) during the second quarter worth about $148,000. Finally, PNC Financial Services Group Inc. increased its position in China Unicom (Hong Kong) by 8.7% in the second quarter. PNC Financial Services Group Inc. now owns 15,607 shares of the company’s stock worth $162,000 after buying an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 0.94% of the company’s stock.

China Unicom (NYSE:CHU) traded up 0.042% on Friday, reaching $11.905. 136,995 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $11.65 and its 200 day moving average price is $11.51. China Unicom has a 1-year low of $9.89 and a 1-year high of $13.26. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 49.604 and a beta of 0.75.

China Unicom (Hong Kong) Company Profile

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses, enterprise businesses and international businesses. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.

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