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.

Several large investors have recently made changes to their positions in the business. US Bancorp DE increased its position in shares of China Unicom (Hong Kong) by 1.8% in the 2nd quarter. US Bancorp DE now owns 7,247 shares of the Wireless communications provider’s stock valued at $108,000 after purchasing an additional 128 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of China Unicom (Hong Kong) by 0.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 122,646 shares of the Wireless communications provider’s stock valued at $1,835,000 after buying an additional 990 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of China Unicom (Hong Kong) by 12.5% in the 2nd 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 last quarter. M&T Bank Corp grew its position in shares of China Unicom (Hong Kong) by 17.5% in the 2nd quarter. M&T Bank Corp now owns 12,969 shares of the Wireless communications provider’s stock valued at $194,000 after buying an additional 1,933 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of China Unicom (Hong Kong) by 14.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,109 shares of the Wireless communications provider’s stock valued at $244,000 after buying an additional 2,278 shares during the last quarter. 1.17% of the stock is currently owned by institutional investors.

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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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