China Unicom (Hong Kong) Limited (NYSE:CHU) Receives Average Recommendation of “Buy” from Brokerages

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Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of brokerages have recently commented on CHU. New Street Research raised shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research lowered shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a report on Friday, May 10th. TheStreet raised shares of China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a report on Friday, March 15th. Finally, UBS Group raised shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a report on Monday, June 10th.

Shares of NYSE:CHU traded up $0.25 during trading on Tuesday, reaching $10.90. The company had a trading volume of 7,282 shares, compared to its average volume of 323,982. The company has a fifty day moving average price of $10.96. The stock has a market cap of $32.46 billion, a PE ratio of 21.72, a P/E/G ratio of 0.30 and a beta of 0.98. China Unicom has a 12 month low of $10.33 and a 12 month high of $13.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.35 and a quick ratio of 0.34.

Large investors have recently modified their holdings of the company. Renaissance Group LLC lifted its holdings in China Unicom (Hong Kong) by 35.7% during the first quarter. Renaissance Group LLC now owns 1,339,446 shares of the Wireless communications provider’s stock valued at $17,145,000 after purchasing an additional 352,031 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of China Unicom (Hong Kong) by 31,215.9% during the fourth quarter. BlackRock Inc. now owns 255,851 shares of the Wireless communications provider’s stock worth $2,727,000 after purchasing an additional 255,034 shares during the period. Marshall Wace North America L.P. acquired a new position in China Unicom (Hong Kong) in the first quarter valued at $2,374,000. Moon Capital Management LP acquired a new position in China Unicom (Hong Kong) in the fourth quarter valued at $916,000. Finally, JPMorgan Chase & Co. lifted its holdings in China Unicom (Hong Kong) by 129.4% in the third quarter. JPMorgan Chase & Co. now owns 106,968 shares of the Wireless communications provider’s stock valued at $1,250,000 after buying an additional 60,346 shares during the period. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

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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