Hutchison Telecommunications Hong Kong (OTC:HUTCY) Stock Rating Lowered by HSBC

Hutchison Telecommunications Hong Kong (OTC:HUTCYGet Rating) was downgraded by stock analysts at HSBC from a “buy” rating to a “hold” rating in a report released on Wednesday, The Fly reports.

Separately, DBS Vickers downgraded shares of Hutchison Telecommunications Hong Kong from a “buy” rating to a “hold” rating and set a $1.10 price target on the stock. in a research report on Monday, February 28th.

HUTCY opened at $3.33 on Wednesday. Hutchison Telecommunications Hong Kong has a 1-year low of $2.18 and a 1-year high of $3.36.

Hutchison Telecommunications Hong Kong Company Profile (Get Rating)

Hutchison Telecommunications Hong Kong Holdings Limited, an investment holding company, provides mobile communication services. It offers 5G, 4G long term evolution, 3G, and GSM dual-band mobile telecommunications under the 3 brand. The company also provides mobile telecommunications services and products include local voice, SMS, MMS, international direct dialing, and international roaming; and data services and applications, such as direct carrier billing offerings, mobile device security management, eBooks, music downloads, movies-on-demand, mobile social networking applications, and FinTech, as well as Wi-Fi and other value-added services.

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