China Unicom (Hong Kong) Ltd (NYSE:CHU) Rating Reiterated by Sanford C. Bernstein

Sanford C. Bernstein reissued their buy rating on shares of China Unicom (Hong Kong) Ltd (NYSE:CHU) in a research report released on Tuesday morning.

A number of other analysts have also recently issued reports on CHU. Morgan Stanley cut shares of China Unicom (Hong Kong) from an overweight rating to an underweight rating in a research note on Wednesday, July 5th. Zacks Investment Research cut shares of China Unicom (Hong Kong) from a buy rating to a hold rating in a research note on Tuesday, June 27th. BidaskClub upgraded shares of China Unicom (Hong Kong) from a hold rating to a buy rating in a research note on Tuesday, June 27th. Jefferies Group LLC upgraded shares of China Unicom (Hong Kong) from an underperform rating to a buy rating in a research note on Thursday, April 27th. Finally, Macquarie began coverage on shares of China Unicom (Hong Kong) in a research note on Thursday, March 23rd. They issued an outperform rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. China Unicom (Hong Kong) has an average rating of Buy and an average target price of $14.25.

China Unicom (NYSE:CHU) opened at 14.41 on Tuesday. The stock has a market cap of $34.51 billion, a P/E ratio of 240.17 and a beta of 0.75. The company’s 50 day moving average is $14.33 and its 200 day moving average is $12.91. China Unicom has a 52 week low of $10.01 and a 52 week high of $15.15.

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A number of hedge funds have recently bought and sold shares of CHU. FNY Partners Fund LP acquired a new stake in China Unicom (Hong Kong) during the first quarter worth about $117,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in China Unicom (Hong Kong) during the fourth quarter worth about $116,000. Trexquant Investment LP acquired a new stake in China Unicom (Hong Kong) during the first quarter worth about $211,000. PNC Financial Services Group Inc. boosted its stake in 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 period. Finally, Goldman Sachs Group Inc. boosted its stake in China Unicom (Hong Kong) by 14.4% in the first quarter. Goldman Sachs Group Inc. now owns 18,109 shares of the Wireless communications provider’s stock worth $244,000 after buying an additional 2,278 shares during the period. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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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