China Unicom (Hong Kong) Limited (CHU) Upgraded at Deutsche Bank AG

Deutsche Bank AG upgraded shares of China Unicom (Hong Kong) Limited (NYSE:CHU) from a hold rating to a buy rating in a research note released on Wednesday morning.

Separately, Nomura downgraded China Unicom (Hong Kong) Limited from a buy rating to a neutral rating in a research report on Wednesday, November 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $12.50.

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

China Unicom (NYSE:CHU) opened at 13.11 on Wednesday. China Unicom has a 52-week low of $9.89 and a 52-week high of $13.26. The company has a market cap of $31.39 billion, a P/E ratio of 54.62 and a beta of 0.85. The stock’s 50 day moving average price is $12.20 and its 200-day moving average price is $11.88.

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A number of institutional investors have recently made changes to their positions in CHU. Capstone Asset Management Co. increased its position in shares of China Unicom (Hong Kong) Limited by 0.9% in the third quarter. Capstone Asset Management Co. now owns 39,709 shares of the company’s stock worth $484,000 after buying an additional 370 shares during the last quarter. Ellington Management Group LLC increased its position in shares of China Unicom (Hong Kong) Limited by 52.3% in the fourth quarter. Ellington Management Group LLC now owns 26,500 shares of the company’s stock worth $306,000 after buying an additional 9,100 shares during the last quarter. Ronald Blue & Co. LLC bought a new position in shares of China Unicom (Hong Kong) Limited during the third quarter worth approximately $133,000. M&T Bank Corp bought a new position in shares of China Unicom (Hong Kong) Limited during the third quarter worth approximately $136,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of China Unicom (Hong Kong) Limited by 9.5% in the third quarter. BNP Paribas Arbitrage SA now owns 129,442 shares of the company’s stock worth $1,577,000 after buying an additional 11,188 shares during the last quarter. Hedge funds and other institutional investors own 0.94% of the company’s stock.

China Unicom (Hong Kong) Limited 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, enterprise businesses and international businesses. 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.

5 Day Chart for NYSE:CHU

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