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

Zacks Investment Research upgraded shares of China Unicom (Hong Kong) (NYSE:CHU) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

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 equities research analysts have also issued reports on CHU. TheStreet raised China Unicom (Hong Kong) from a d+ rating to a c rating in a research note on Tuesday, August 21st. UBS Group lowered China Unicom (Hong Kong) from a buy rating to a neutral rating in a research note on Thursday, October 18th. Credit Suisse Group lowered China Unicom (Hong Kong) from an outperform rating to a neutral rating in a research note on Friday, October 26th. Finally, Mizuho raised China Unicom (Hong Kong) from an underperform rating to a neutral rating in a research note on Monday, November 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. China Unicom (Hong Kong) has an average rating of Hold and a consensus target price of $14.00.

CHU stock opened at $11.74 on Wednesday. China Unicom has a 1 year low of $10.33 and a 1 year high of $15.19. 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 company has a market capitalization of $35.34 billion, a P/E ratio of 106.73 and a beta of 0.98.

Institutional investors and hedge funds have recently modified their holdings of the business. Brown Advisory Inc. acquired a new position in China Unicom (Hong Kong) in the 3rd quarter valued at $138,000. Private Advisor Group LLC acquired a new position in China Unicom (Hong Kong) in the 2nd quarter valued at $172,000. Trexquant Investment LP acquired a new position in China Unicom (Hong Kong) in the 3rd quarter valued at $171,000. PEAK6 Investments L.P. acquired a new position in China Unicom (Hong Kong) in the 2nd quarter valued at $230,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in China Unicom (Hong Kong) in the 3rd quarter valued at $230,000. Institutional investors own 1.05% of the company’s stock.

About China Unicom (Hong Kong)

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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