China Unicom (Hong Kong) Limited (CHU) Receives Average Rating of “Hold” from Analysts

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.

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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%.

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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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