China Unicom (Hong Kong) Ltd (CHU) Receives Consensus Recommendation of “Hold” from Analysts

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

A number of research analysts have recently commented on the stock. BidaskClub raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Nomura cut shares of China Unicom (Hong Kong) from a “neutral” rating to a “reduce” rating in a research report on Thursday, August 24th. CLSA cut shares of China Unicom (Hong Kong) from an “outperform” rating to an “underperform” rating in a research report on Wednesday, August 16th. J P Morgan Chase & Co cut shares of China Unicom (Hong Kong) from a “neutral” rating to an “underweight” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Friday, August 18th.

Several large investors have recently modified their holdings of the stock. US Bancorp DE increased 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 worth $108,000 after buying an additional 128 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of China Unicom (Hong Kong) by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 16,837 shares of the Wireless communications provider’s stock worth $227,000 after buying an additional 738 shares during the last quarter. Ronald Blue & Co. LLC increased 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 worth $170,000 after buying an additional 986 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of China Unicom (Hong Kong) by 0.8% in the second quarter. BNP Paribas Arbitrage SA now owns 122,646 shares of the Wireless communications provider’s stock worth $1,835,000 after buying an additional 990 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased 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 worth $167,000 after buying an additional 1,250 shares during the last quarter. Institutional investors and hedge funds own 1.21% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “China Unicom (Hong Kong) Ltd (CHU) Receives Consensus Recommendation of “Hold” from Analysts” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/11/18/china-unicom-hong-kong-ltd-chu-receives-consensus-recommendation-of-hold-from-analysts.html.

Shares of China Unicom (NYSE:CHU) traded down $0.17 during mid-day trading on Monday, reaching $14.91. 192,751 shares of the company’s stock were exchanged, compared to its average volume of 235,409. China Unicom has a 1 year low of $11.25 and a 1 year high of $16.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.29 and a current ratio of 0.29.

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)

Receive News & Ratings for China Unicom (Hong Kong) Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Unicom (Hong Kong) Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply