China Unicom (Hong Kong) Ltd (NYSE:CHU) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company.

Several brokerages have recently issued reports on CHU. Zacks Investment Research upgraded shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, September 18th. Nomura upgraded shares of China Unicom (Hong Kong) from a “reduce” rating to a “neutral” rating in a report on Thursday, October 26th. CLSA cut shares of China Unicom (Hong Kong) from an “outperform” rating to an “underperform” rating in a report on Wednesday, August 16th. BidaskClub upgraded shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Bank of America Corporation began coverage on shares of China Unicom (Hong Kong) in a report on Wednesday, August 30th. They issued a “neutral” rating on the stock.

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in China Unicom (Hong Kong) by 20.1% during the second quarter. FMR LLC now owns 4,127,672 shares of the Wireless communications provider’s stock valued at $61,750,000 after buying an additional 691,500 shares during the period. Thornburg Investment Management Inc. lifted its position in China Unicom (Hong Kong) by 52.7% during the third quarter. Thornburg Investment Management Inc. now owns 2,263,094 shares of the Wireless communications provider’s stock valued at $31,751,000 after buying an additional 781,199 shares during the period. Royal Bank of Canada lifted its position in China Unicom (Hong Kong) by 8.4% during the second quarter. Royal Bank of Canada now owns 1,255,775 shares of the Wireless communications provider’s stock valued at $18,786,000 after buying an additional 96,993 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in China Unicom (Hong Kong) by 17.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 967,317 shares of the Wireless communications provider’s stock valued at $14,471,000 after buying an additional 143,609 shares during the period. Finally, Segantii Capital Management Ltd purchased a new position in China Unicom (Hong Kong) during the third quarter valued at $8,131,000. Institutional investors and hedge funds own 1.21% of the company’s stock.

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Shares of China Unicom (CHU) traded up $0.13 during trading on Monday, hitting $15.20. 157,000 shares of the stock traded hands, compared to its average volume of 374,510. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.14. China Unicom has a 1 year low of $10.84 and a 1 year high of $16.55.

China Unicom (Hong Kong) Company Profile

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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