Shares of China Unicom Ltd. (NYSE:CHU) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.50.

CHU has been the subject of several research analyst reports. Deutsche Bank AG cut China Unicom from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Sanford C. Bernstein upgraded China Unicom from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 18th. Finally, Goldman Sachs Group Inc. upgraded China Unicom from a “neutral” rating to a “buy” rating and set a $12.50 target price for the company in a research report on Thursday, September 22nd.

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A number of institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC boosted its position in China Unicom by 42.2% in the third quarter. OLD Mission Capital LLC now owns 248,900 shares of the company’s stock valued at $2,937,000 after buying an additional 73,814 shares in the last quarter. UBS Group AG boosted its position in China Unicom by 24.4% in the third quarter. UBS Group AG now owns 162,302 shares of the company’s stock valued at $1,977,000 after buying an additional 31,837 shares in the last quarter. Hsbc Holdings PLC boosted its position in China Unicom by 590.8% in the third quarter. Hsbc Holdings PLC now owns 76,359 shares of the company’s stock valued at $930,000 after buying an additional 65,306 shares in the last quarter. Profund Advisors LLC boosted its position in China Unicom by 42.8% in the third quarter. Profund Advisors LLC now owns 53,112 shares of the company’s stock valued at $647,000 after buying an additional 15,928 shares in the last quarter. Finally, Harvard Management Co. Inc. purchased a new position in China Unicom during the third quarter valued at $609,000. Institutional investors and hedge funds own 0.94% of the company’s stock.

Shares of China Unicom (NYSE:CHU) opened at 11.45 on Wednesday. The company has a market cap of $27.42 billion, a P/E ratio of 47.71 and a beta of 0.73. China Unicom has a 12 month low of $9.89 and a 12 month high of $13.26. The firm has a 50-day moving average price of $11.75 and a 200 day moving average price of $11.19.

China Unicom Company Profile

China Unicom (Hong Kong) Limited is an investment holding company. The Company is an integrated telecommunications operator. The principal activities of the Company’s subsidiaries are the provision of cellular and fixed-line voice and related services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the People’s Republic of China (PRC).

5 Day Chart for NYSE:CHU

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