China Unicom (Hong Kong) Limited (CHU) Research Coverage Started at Macquarie

Macquarie started coverage on shares of China Unicom (Hong Kong) Limited (NYSE:CHU) in a research report sent to investors on Thursday. The firm issued an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on CHU. Nomura cut China Unicom (Hong Kong) Limited from a buy rating to a neutral rating in a research note on Wednesday, November 30th. Deutsche Bank AG upgraded China Unicom (Hong Kong) Limited from a hold rating to a buy rating in a research note on Wednesday, March 15th. Finally, Zacks Investment Research upgraded China Unicom (Hong Kong) Limited from a strong sell rating to a buy rating and set a $15.00 target price on the stock in a research note on Monday, March 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $13.75.

China Unicom (NYSE:CHU) opened at 13.50 on Thursday. China Unicom has a 12-month low of $9.89 and a 12-month high of $13.52. The firm has a 50-day moving average of $12.42 and a 200-day moving average of $11.96. The stock has a market capitalization of $32.33 billion, a price-to-earnings ratio of 337.50 and a beta of 0.85.

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Several large investors have recently modified their holdings of CHU. Morgan Stanley boosted its stake in shares of China Unicom (Hong Kong) Limited by 1,695.2% in the third quarter. Morgan Stanley now owns 2,164,103 shares of the company’s stock worth $26,358,000 after buying an additional 2,043,553 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of China Unicom (Hong Kong) Limited by 21,781.0% in the third quarter. JPMorgan Chase & Co. now owns 156,887 shares of the company’s stock worth $1,911,000 after buying an additional 156,170 shares in the last quarter. OLD Mission Capital LLC boosted its stake in shares of China Unicom (Hong Kong) Limited by 42.2% in the third quarter. OLD Mission Capital LLC now owns 248,900 shares of the company’s stock worth $2,937,000 after buying an additional 73,814 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of China Unicom (Hong Kong) Limited during the fourth quarter worth $852,000. Finally, Hsbc Holdings PLC boosted its stake in shares of China Unicom (Hong Kong) Limited by 590.8% in the third quarter. Hsbc Holdings PLC now owns 76,359 shares of the company’s stock worth $930,000 after buying an additional 65,306 shares in the last quarter. Institutional investors and hedge funds own 0.94% of the company’s stock.

About China Unicom (Hong Kong) Limited

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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