Credit Suisse Group upgraded shares of China Unicom (Hong Kong) (NYSE:CHU) from a neutral rating to an outperform rating in a research report report published on Wednesday, Briefing.com Automated Import reports.
A number of other equities analysts have also weighed in on CHU. New Street Research upgraded China Unicom (Hong Kong) from a neutral rating to a buy rating in a research note on Friday, May 3rd. Zacks Investment Research lowered China Unicom (Hong Kong) from a hold rating to a sell rating in a research note on Monday, August 5th. Finally, UBS Group upgraded China Unicom (Hong Kong) from a neutral rating to a buy rating in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $12.00.
Shares of NYSE CHU traded up $0.71 during trading hours on Wednesday, reaching $9.87. 9,338 shares of the stock were exchanged, compared to its average volume of 317,266. The company has a market cap of $28.00 billion, a price-to-earnings ratio of 19.74 and a beta of 1.01. The company has a quick ratio of 0.34, a current ratio of 0.35 and a debt-to-equity ratio of 0.01. China Unicom has a 52 week low of $9.05 and a 52 week high of $13.66. The company’s fifty day simple moving average is $10.22.
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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