China Unicom (Hong Kong) Limited (CHU) Given Average Rating of “Hold” by Brokerages

Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company.

CHU has been the topic of a number of analyst reports. CLSA raised shares of China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Monday.

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Institutional investors have recently modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of China Unicom (Hong Kong) in the 3rd quarter worth approximately $150,000. Advisor Group Inc. grew its position in shares of China Unicom (Hong Kong) by 68.4% in the 3rd quarter. Advisor Group Inc. now owns 10,977 shares of the Wireless communications provider’s stock worth $154,000 after buying an additional 4,459 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of China Unicom (Hong Kong) in the 2nd quarter worth approximately $181,000. Ellington Management Group LLC purchased a new position in shares of China Unicom (Hong Kong) in the 4th quarter worth approximately $233,000. Finally, Stevens Capital Management LP purchased a new position in shares of China Unicom (Hong Kong) in the 3rd quarter worth approximately $234,000. 0.87% of the stock is currently owned by hedge funds and other institutional investors.

CHU stock traded down $0.32 during midday trading on Friday, reaching $11.94. 110,923 shares of the company’s stock were exchanged, compared to its average volume of 350,235. The company has a current ratio of 0.32, a quick ratio of 0.29 and a debt-to-equity ratio of 0.07. China Unicom has a 1-year low of $11.94 and a 1-year high of $16.55.

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About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses and others. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.

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

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