China Unicom (Hong Kong) Limited (CHU) Expected to Post FY2018 Earnings of $0.41 Per Share

China Unicom (Hong Kong) Limited (NYSE:CHU) – Investment analysts at Jefferies Financial Group cut their FY2018 earnings per share estimates for shares of China Unicom (Hong Kong) in a research note issued on Sunday, November 4th. Jefferies Financial Group analyst E. Lee now expects that the Wireless communications provider will earn $0.41 per share for the year, down from their prior estimate of $0.52. Jefferies Financial Group also issued estimates for China Unicom (Hong Kong)’s FY2021 earnings at $1.57 EPS.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Credit Suisse Group lowered China Unicom (Hong Kong) from an “outperform” rating to a “neutral” rating in a report on Friday, October 26th. TheStreet lowered China Unicom (Hong Kong) from a “c” rating to a “d+” rating in a report on Tuesday, October 23rd. Finally, UBS Group lowered China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

CHU stock opened at $10.85 on Tuesday. China Unicom has a twelve month low of $10.33 and a twelve month high of $15.53. 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 $33.17 billion, a PE ratio of 98.64 and a beta of 0.98.

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in shares of China Unicom (Hong Kong) by 19.0% during the second quarter. FMR LLC now owns 5,811,872 shares of the Wireless communications provider’s stock valued at $72,707,000 after acquiring an additional 928,193 shares during the last quarter. Bank of America Corp DE increased its position in shares of China Unicom (Hong Kong) by 8.7% during the second quarter. Bank of America Corp DE now owns 1,565,827 shares of the Wireless communications provider’s stock valued at $19,589,000 after acquiring an additional 125,929 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of China Unicom (Hong Kong) by 14.0% during the second quarter. Renaissance Technologies LLC now owns 1,366,204 shares of the Wireless communications provider’s stock valued at $17,091,000 after acquiring an additional 167,704 shares during the last quarter. Northern Trust Corp increased its position in shares of China Unicom (Hong Kong) by 11.5% during the second quarter. Northern Trust Corp now owns 1,240,406 shares of the Wireless communications provider’s stock valued at $15,518,000 after acquiring an additional 128,364 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of China Unicom (Hong Kong) by 335.9% during the first quarter. BlackRock Inc. now owns 428,846 shares of the Wireless communications provider’s stock valued at $5,502,000 after acquiring an additional 330,467 shares during the last quarter. 1.04% of the stock is owned by institutional investors.

China Unicom (Hong Kong) Company Profile

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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Earnings History and Estimates for China Unicom (Hong Kong) (NYSE:CHU)

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