China Unicom (Hong Kong) Limited (NYSE:CHU) Receives Consensus Rating of “Buy” from Brokerages

Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) have earned an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

CHU has been the subject of a number of research analyst reports. New Street Research downgraded China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a report on Monday, August 19th. Zacks Investment Research upgraded China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a report on Thursday. Credit Suisse Group upgraded China Unicom (Hong Kong) from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 14th. Finally, UBS Group upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a report on Monday, June 10th.

Shares of NYSE CHU traded down $0.11 during trading on Friday, reaching $9.93. The stock had a trading volume of 356,656 shares, compared to its average volume of 437,990. China Unicom has a one year low of $9.05 and a one year high of $13.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.37 and a current ratio of 0.38. The stock has a market cap of $30.72 billion, a PE ratio of 19.86 and a beta of 1.01. The firm’s 50 day moving average price is $10.04 and its two-hundred day moving average price is $11.32.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC grew its stake in China Unicom (Hong Kong) by 1.4% during the 2nd quarter. SG Americas Securities LLC now owns 96,114 shares of the Wireless communications provider’s stock worth $1,048,000 after buying an additional 1,310 shares during the last quarter. Quadrant Capital Group LLC grew its stake in China Unicom (Hong Kong) by 49.1% during the 1st quarter. Quadrant Capital Group LLC now owns 10,200 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 3,357 shares during the last quarter. BlackRock Inc. grew its stake in China Unicom (Hong Kong) by 31,215.9% during the 4th quarter. BlackRock Inc. now owns 255,851 shares of the Wireless communications provider’s stock worth $2,727,000 after buying an additional 255,034 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in China Unicom (Hong Kong) by 1.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 121,329 shares of the Wireless communications provider’s stock worth $1,553,000 after buying an additional 1,937 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in China Unicom (Hong Kong) by 35.8% during the 1st quarter. Bank of Montreal Can now owns 110,208 shares of the Wireless communications provider’s stock worth $1,411,000 after buying an additional 29,026 shares during the last quarter. Institutional investors and hedge funds own 1.08% of the company’s stock.

China Unicom (Hong Kong) Company Profile

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, and related value-added services in the People's Republic of China. It also provides broadband and other Internet-related services, information communications technology services, and business and data communications services.

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Analyst Recommendations for China Unicom (Hong Kong) (NYSE:CHU)

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