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

Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.20.

CHU has been the topic of a number of recent analyst reports. Goldman Sachs Group upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.00 to $13.20 in a research report on Tuesday, September 17th. Sanford C. Bernstein cut shares of China Unicom (Hong Kong) from an “outperform” rating to a “market perform” rating in a report on Thursday, September 19th. New Street Research cut shares of China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a report on Monday, August 19th. Credit Suisse Group downgraded shares of China Unicom (Hong Kong) from an “outperform” rating to a “neutral” rating in a research note on Monday, October 21st. Finally, Zacks Investment Research lowered shares of China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a report on Monday, November 4th.

Shares of CHU traded up $0.05 during midday trading on Tuesday, hitting $8.53. The company’s stock had a trading volume of 4,163 shares, compared to its average volume of 306,601. The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 0.09. China Unicom has a one year low of $8.45 and a one year high of $13.66. The stock has a market capitalization of $26.04 billion, a price-to-earnings ratio of 17.06 and a beta of 0.89. The company’s fifty day simple moving average is $9.70 and its two-hundred day simple moving average is $10.22.

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of China Unicom (Hong Kong) by 1.4% during the second quarter. SG Americas Securities LLC now owns 96,114 shares of the Wireless communications provider’s stock worth $1,048,000 after purchasing an additional 1,310 shares during the last quarter. Parallel Advisors LLC grew its holdings in China Unicom (Hong Kong) by 101.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,628 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 1,325 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in China Unicom (Hong Kong) by 9.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,120 shares of the Wireless communications provider’s stock worth $230,000 after acquiring an additional 1,799 shares during the last quarter. Tower Research Capital LLC TRC increased its position in China Unicom (Hong Kong) by 338.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,501 shares of the Wireless communications provider’s stock valued at $26,000 after acquiring an additional 1,930 shares during the period. Finally, Signaturefd LLC increased its position in China Unicom (Hong Kong) by 68.7% in the 2nd quarter. Signaturefd LLC now owns 4,810 shares of the Wireless communications provider’s stock valued at $52,000 after acquiring an additional 1,959 shares during the period. Institutional investors own 1.06% of the company’s stock.

About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, and related value-added services in the People's Republic of China. It also provides broadband and other Internet-related services, information communications technology services, and business and data communications services.

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

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