China Unicom (Hong Kong) Limited (CHU) Upgraded at Zacks Investment Research

China Unicom (Hong Kong) Limited (NYSE:CHU) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a report released on Monday. The firm presently has a $15.00 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 13.55% from the stock’s previous close.

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. “

Other equities research analysts have also recently issued reports about the stock. Nomura cut shares of China Unicom (Hong Kong) Limited from a “buy” rating to a “neutral” rating in a report on Wednesday, November 30th. Deutsche Bank AG upgraded shares of China Unicom (Hong Kong) Limited from a “hold” rating to a “buy” rating in a report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.75.

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

Shares of China Unicom (NYSE:CHU) traded up 0.76% during midday trading on Monday, hitting $13.21. 239,767 shares of the stock were exchanged. China Unicom has a 1-year low of $9.89 and a 1-year high of $13.26. The stock has a market capitalization of $31.63 billion, a price-to-earnings ratio of 55.04 and a beta of 0.85. The firm’s 50 day moving average is $12.20 and its 200-day moving average is $11.88.

Your IP Address:

A number of large investors have recently bought and sold shares of CHU. Capstone Asset Management Co. boosted its stake in China Unicom (Hong Kong) Limited by 0.9% in the third quarter. Capstone Asset Management Co. now owns 39,709 shares of the company’s stock worth $484,000 after buying an additional 370 shares during the last quarter. Ellington Management Group LLC boosted its stake in China Unicom (Hong Kong) Limited by 52.3% in the fourth quarter. Ellington Management Group LLC now owns 26,500 shares of the company’s stock worth $306,000 after buying an additional 9,100 shares during the last quarter. Ronald Blue & Co. LLC bought a new stake in China Unicom (Hong Kong) Limited during the third quarter worth approximately $133,000. M&T Bank Corp bought a new stake in China Unicom (Hong Kong) Limited during the third quarter worth approximately $136,000. Finally, BNP Paribas Arbitrage SA boosted its stake in China Unicom (Hong Kong) Limited by 9.5% in the third quarter. BNP Paribas Arbitrage SA now owns 129,442 shares of the company’s stock worth $1,577,000 after buying an additional 11,188 shares during the last quarter. Institutional investors and hedge funds own 0.94% of the company’s stock.

China Unicom (Hong Kong) Limited 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.

5 Day Chart for NYSE:CHU

Get a free copy of the Zacks research report on China Unicom (Hong Kong) Limited (CHU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about China Unicom (Hong Kong) Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for China Unicom (Hong Kong) Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit