China Unicom (Hong Kong) Ltd (CHU) Given Consensus Recommendation of “Hold” by Brokerages

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

Several research firms have weighed in on CHU. Nomura raised shares of China Unicom (Hong Kong) from a “reduce” rating to a “neutral” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Bank of America Corporation began coverage on shares of China Unicom (Hong Kong) in a research note on Wednesday, August 30th. They issued a “neutral” rating for the company. BidaskClub raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, J P Morgan Chase & Co downgraded shares of China Unicom (Hong Kong) from a “neutral” rating to an “underweight” rating in a research note on Monday, August 21st.

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China Unicom (NYSE CHU) traded down $0.17 on Monday, reaching $14.91. 192,751 shares of the company’s stock traded hands, compared to its average volume of 235,409. China Unicom has a 12-month low of $11.25 and a 12-month high of $16.55. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.14.

Several hedge funds and other institutional investors have recently modified their holdings of CHU. JPMorgan Chase & Co. grew its holdings in shares of China Unicom (Hong Kong) by 28,837.9% during the first quarter. JPMorgan Chase & Co. now owns 80,158 shares of the Wireless communications provider’s stock valued at $1,080,000 after buying an additional 79,881 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of China Unicom (Hong Kong) by 32.0% during the first quarter. Alliancebernstein L.P. now owns 66,202 shares of the Wireless communications provider’s stock valued at $892,000 after buying an additional 16,066 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of China Unicom (Hong Kong) by 4.6% during the first quarter. PNC Financial Services Group Inc. now owns 16,837 shares of the Wireless communications provider’s stock valued at $227,000 after buying an additional 738 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of China Unicom (Hong Kong) by 14.4% during the first quarter. Goldman Sachs Group Inc. now owns 18,109 shares of the Wireless communications provider’s stock valued at $244,000 after buying an additional 2,278 shares during the last quarter. Finally, Capital One National Association acquired a new position in shares of China Unicom (Hong Kong) during the second quarter valued at about $299,000. 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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