China Unicom (Hong Kong) Limited (NYSE:CHU) was upgraded by HSBC from a “reduce” rating to a “hold” rating in a research note issued to investors on Friday, TheFlyOnTheWall.comreports.
Shares of China Unicom (NYSE:CHU) opened at 13.91 on Friday. The company has a market cap of $33.31 billion and a price-to-earnings ratio of 17.61. The firm has a 50 day moving average price of $15.09 and a 200-day moving average price of $16.34. China Unicom has a 12-month low of $12.93 and a 12-month high of $19.88.
Other equities research analysts have also issued reports about the stock. TheStreet lowered shares of China Unicom (Hong Kong) Limited from a “buy” rating to a “hold” rating in a research note on Monday, June 29th. Jefferies Group raised their target price on shares of China Unicom (Hong Kong) Limited from $15.87 to $19.40 and gave the stock a “hold” rating in a research note on Friday, April 24th. Sanford C. Bernstein upgraded shares of China Unicom (Hong Kong) Limited from an “underperform” rating to an “outperform” rating in a report on Wednesday, April 15th. Finally, Deutsche Bank upgraded shares of China Unicom (Hong Kong) Limited from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.20.
China Unicom (NYSE:CHU) Limited is an investment holding company, which provides telecommunications services. The Company’s subsidiaries principal activities are the provision of cellular and fixed-line voice and services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the PRC. It provides a range of telecommunications services in China, including mobile broadband, fixedline broadband, global system for mobile communications (GSM), fixed-line local access, information and communications technology (ICT), data communications and other related services. The Company’s subsidiaries include China United Network Communications Corporation Limited, China Unicom (Japan) Operations Corporation, and China Unicom (Singapore) Operations Pte Limited, among others.
