Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company.
Several brokerages recently issued reports on CHU. Zacks Investment Research cut China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. CLSA raised China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley raised China Unicom (Hong Kong) from an “underweight” rating to an “overweight” rating in a research report on Tuesday, March 27th.
A number of hedge funds and other institutional investors have recently made changes to their positions in CHU. Ellington Management Group LLC bought a new stake in China Unicom (Hong Kong) during the 4th quarter valued at $233,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of China Unicom (Hong Kong) during the 4th quarter valued at $296,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of China Unicom (Hong Kong) by 60.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 22,962 shares of the Wireless communications provider’s stock valued at $322,000 after purchasing an additional 8,640 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of China Unicom (Hong Kong) by 67.1% during the 4th quarter. Two Sigma Advisers LP now owns 37,100 shares of the Wireless communications provider’s stock valued at $502,000 after purchasing an additional 14,900 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of China Unicom (Hong Kong) by 28.4% during the 3rd quarter. Wells Fargo & Company MN now owns 37,259 shares of the Wireless communications provider’s stock valued at $522,000 after purchasing an additional 8,241 shares during the last quarter. 0.87% of the stock is currently owned by institutional investors and hedge funds.
NYSE:CHU traded down $0.14 during midday trading on Thursday, hitting $13.02. The stock had a trading volume of 119,085 shares, compared to its average volume of 373,962. China Unicom has a one year low of $11.87 and a one year high of $16.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.32 and a quick ratio of 0.31.
The business also recently announced an annual dividend, which will be paid on Friday, June 22nd. Shareholders of record on Wednesday, May 16th will be given a dividend of $0.0826 per share. The ex-dividend date is Tuesday, May 15th. This represents a yield of 0.64%.
TRADEMARK VIOLATION NOTICE: This story was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2018/04/17/china-unicom-hong-kong-limited-chu-receives-average-rating-of-hold-from-analysts.html.
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.
Receive News & Ratings for China Unicom (Hong Kong) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Unicom (Hong Kong) and related companies with MarketBeat.com's FREE daily email newsletter.