CHU has been the topic of several other research reports. Jefferies Group lowered China Unicom from a buy rating to a hold rating in a research note on Monday, July 18th. Sanford C. Bernstein raised China Unicom from a market perform rating to an outperform rating in a research note on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $13.95.
Shares of China Unicom (NYSE:CHU) traded up 0.65% during midday trading on Thursday, reaching $12.31. The company’s stock had a trading volume of 167,297 shares. China Unicom has a 12-month low of $9.89 and a 12-month high of $15.00. The stock’s 50-day moving average price is $11.40 and its 200-day moving average price is $11.35. The company has a market cap of $29.48 billion, a P/E ratio of 39.71 and a beta of 0.59.
A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of China Unicom by 77.2% in the first quarter. Renaissance Technologies LLC now owns 1,476,800 shares of the company’s stock valued at $19,435,000 after buying an additional 643,200 shares during the period. Credit Suisse AG increased its stake in shares of China Unicom by 72.1% in the second quarter. Credit Suisse AG now owns 772,428 shares of the company’s stock valued at $8,041,000 after buying an additional 323,495 shares during the period. OLD Mission Capital LLC bought a new stake in shares of China Unicom during the second quarter valued at $1,823,000. Emerald Acquisition Ltd. bought a new stake in shares of China Unicom during the second quarter valued at $1,714,000. Finally, NINE MASTS CAPITAL Ltd increased its stake in shares of China Unicom by 21.7% in the second quarter. NINE MASTS CAPITAL Ltd now owns 698,550 shares of the company’s stock valued at $7,221,000 after buying an additional 124,754 shares during the period. Institutional investors own 0.96% of the company’s stock.
About China Unicom
China Unicom (Hong Kong) Limited is an investment holding company. The Company is an integrated telecommunications operator. The principal activities of the Company’s subsidiaries are the provision of cellular and fixed-line voice and related services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the People’s Republic of China (PRC).
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