China Unicom (Hong Kong) Limited (CHU) Receives Consensus Rating of “Hold” from Analysts

Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. CLSA upgraded shares of China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Nomura upgraded shares of China Unicom (Hong Kong) from a “reduce” rating to a “neutral” rating in a report on Thursday, October 26th.

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. acquired a new stake in China Unicom (Hong Kong) during the 2nd quarter worth approximately $181,000. Citigroup Inc. grew its position in China Unicom (Hong Kong) by 739.6% in the second quarter. Citigroup Inc. now owns 9,362 shares of the Wireless communications provider’s stock valued at $141,000 after acquiring an additional 8,247 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in China Unicom (Hong Kong) by 2.5% in the second quarter. Parametric Portfolio Associates LLC now owns 195,942 shares of the Wireless communications provider’s stock valued at $2,931,000 after acquiring an additional 4,773 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in China Unicom (Hong Kong) by 70.7% in the second quarter. Cubist Systematic Strategies LLC now owns 17,478 shares of the Wireless communications provider’s stock valued at $261,000 after acquiring an additional 7,239 shares in the last quarter. Finally, First Trust Advisors LP grew its position in China Unicom (Hong Kong) by 16.0% in the third quarter. First Trust Advisors LP now owns 152,343 shares of the Wireless communications provider’s stock valued at $2,137,000 after acquiring an additional 20,966 shares in the last quarter. Institutional investors and hedge funds own 0.92% of the company’s stock.

China Unicom (CHU) traded up $0.14 during trading hours on Wednesday, reaching $13.12. 23,593 shares of the company’s stock were exchanged, compared to its average volume of 401,237. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.29 and a current ratio of 0.29. China Unicom has a 52 week low of $11.93 and a 52 week high of $16.55.

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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 and others. 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.

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

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