Shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) have been assigned an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.75.

CHU has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of China Unicom (Hong Kong) in a report on Tuesday, July 11th. J P Morgan Chase & Co downgraded shares of China Unicom (Hong Kong) from a “neutral” rating to an “underweight” rating in a report on Monday, August 21st. Nomura cut shares of China Unicom (Hong Kong) from a “neutral” rating to a “reduce” rating in a research report on Thursday, August 24th. Finally, BidaskClub upgraded shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th.

A number of large investors have recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of China Unicom (Hong Kong) by 1.8% in the second quarter. US Bancorp DE now owns 7,247 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 128 shares during the period. FNY Partners Fund LP acquired a new stake in shares of China Unicom (Hong Kong) during the first quarter valued at approximately $117,000. Citigroup Inc. boosted its stake in shares of China Unicom (Hong Kong) by 739.6% in the second quarter. Citigroup Inc. now owns 9,362 shares of the Wireless communications provider’s stock valued at $141,000 after buying an additional 8,247 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of China Unicom (Hong Kong) by 12.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,250 shares of the Wireless communications provider’s stock valued at $167,000 after buying an additional 1,250 shares during the period. Finally, Ronald Blue & Co. LLC boosted its stake in shares of China Unicom (Hong Kong) by 9.5% in the second quarter. Ronald Blue & Co. LLC now owns 11,392 shares of the Wireless communications provider’s stock valued at $170,000 after buying an additional 986 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Shares of China Unicom (NYSE:CHU) traded down 0.27% on Wednesday, hitting $14.58. 464,408 shares of the company traded hands. The company has a market capitalization of $34.91 billion, a PE ratio of 145.80 and a beta of 0.74. China Unicom has a 12 month low of $10.84 and a 12 month high of $16.55. The stock’s 50-day moving average price is $14.81 and its 200-day moving average price is $13.78.

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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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