China Unicom (Hong Kong) (CHU) Upgraded by Zacks Investment Research to “Hold”

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

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 also recently commented on the stock. Mizuho raised shares of China Unicom (Hong Kong) from an underperform rating to a neutral rating in a research report on Monday, November 19th. Credit Suisse Group downgraded shares of China Unicom (Hong Kong) from an outperform rating to a neutral rating in a research report on Friday, October 26th. TheStreet downgraded shares of China Unicom (Hong Kong) from a c rating to a d+ rating in a research report on Tuesday, October 23rd. Finally, UBS Group downgraded shares of China Unicom (Hong Kong) from a buy rating to a neutral rating in a research report on Thursday, October 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $14.00.

NYSE:CHU traded down $0.21 during trading hours on Friday, reaching $11.19. The company had a trading volume of 648,401 shares, compared to its average volume of 400,197. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. China Unicom has a 52 week low of $10.33 and a 52 week high of $15.19. The company has a market cap of $34.88 billion, a PE ratio of 101.73 and a beta of 1.01.

Institutional investors have recently modified their holdings of the company. PEAK6 Investments L.P. purchased a new position in shares of China Unicom (Hong Kong) during the 2nd quarter worth $230,000. Private Advisor Group LLC purchased a new position in shares of China Unicom (Hong Kong) during the 2nd quarter worth $172,000. Northern Trust Corp boosted its stake in shares of China Unicom (Hong Kong) by 11.5% during the 2nd quarter. Northern Trust Corp now owns 1,240,406 shares of the Wireless communications provider’s stock worth $15,518,000 after acquiring an additional 128,364 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of China Unicom (Hong Kong) by 16.8% during the 2nd quarter. Bank of Montreal Can now owns 188,807 shares of the Wireless communications provider’s stock worth $2,362,000 after acquiring an additional 27,119 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of China Unicom (Hong Kong) by 7.5% during the 2nd quarter. First Trust Advisors LP now owns 206,456 shares of the Wireless communications provider’s stock worth $2,583,000 after acquiring an additional 14,329 shares during the last quarter. Institutional investors and hedge funds own 1.09% of the company’s stock.

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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