China Unicom (Hong Kong) Ltd (CHU) Given Average Recommendation of “Hold” by Analysts
China Unicom (Hong Kong) Ltd (NYSE:CHU) has earned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company.
Several equities research analysts recently weighed in on CHU shares. Zacks Investment Research downgraded shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Bank of America started coverage on shares of China Unicom (Hong Kong) in a research note on Wednesday, August 30th. They set a “neutral” rating on the stock. Nomura downgraded shares of China Unicom (Hong Kong) from a “neutral” rating to a “reduce” rating in a research note on Thursday, August 24th. J P Morgan Chase & Co downgraded shares of China Unicom (Hong Kong) from a “neutral” rating to an “underweight” rating in a research note on Monday, August 21st. Finally, BidaskClub raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd.
Shares of China Unicom (NYSE CHU) traded down $0.27 on Friday, reaching $13.66. 339,700 shares of the company traded hands, compared to its average volume of 367,241. China Unicom has a 1 year low of $11.28 and a 1 year high of $16.55. 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 (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.
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