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

Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of equities analysts have recently issued reports on the company. TheStreet downgraded China Unicom (Hong Kong) from a “c” rating to a “d+” rating in a research report on Tuesday, October 23rd. Zacks Investment Research raised China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. UBS Group downgraded China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. Finally, ValuEngine raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th.

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in China Unicom (Hong Kong) by 19.0% in the second quarter. FMR LLC now owns 5,811,872 shares of the Wireless communications provider’s stock valued at $72,707,000 after purchasing an additional 928,193 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in China Unicom (Hong Kong) by 70.7% in the third quarter. Renaissance Technologies LLC now owns 2,332,205 shares of the Wireless communications provider’s stock valued at $27,263,000 after purchasing an additional 966,001 shares during the last quarter. Bank of America Corp DE boosted its holdings in China Unicom (Hong Kong) by 8.7% in 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 purchasing an additional 125,929 shares during the last quarter. Northern Trust Corp boosted its holdings in China Unicom (Hong Kong) by 11.5% in 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 purchasing an additional 128,364 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in China Unicom (Hong Kong) by 423.1% in the second quarter. Millennium Management LLC now owns 414,168 shares of the Wireless communications provider’s stock valued at $5,181,000 after purchasing an additional 334,990 shares during the last quarter. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CHU stock traded down $0.10 during trading hours on Friday, reaching $10.87. 536,882 shares of the company’s stock were exchanged, compared to its average volume of 751,073. The company has a market cap of $33.84 billion, a PE ratio of 98.82 and a beta of 1.01. 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 fifty-two week low of $10.33 and a fifty-two week high of $15.19.

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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