China Unicom (Hong Kong) (NYSE:CHU) Upgraded by Credit Suisse Group to Outperform

China Unicom (Hong Kong) (NYSE:CHU) was upgraded by Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Briefing.com Automated Import reports.

Other equities analysts have also issued reports about the company. UBS Group raised China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Monday, June 10th. New Street Research raised China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research lowered China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $12.00.

Shares of China Unicom (Hong Kong) stock traded up $0.04 on Wednesday, reaching $9.27. 10,314 shares of the company’s stock were exchanged, compared to its average volume of 422,426. The firm has a market cap of $28.36 billion, a P/E ratio of 18.50 and a beta of 1.01. China Unicom has a 52 week low of $9.05 and a 52 week high of $13.66. The business has a 50-day moving average price of $10.25. The company has a quick ratio of 0.34, a current ratio of 0.35 and a debt-to-equity ratio of 0.01.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in China Unicom (Hong Kong) by 31,215.9% during the fourth quarter. BlackRock Inc. now owns 255,851 shares of the Wireless communications provider’s stock worth $2,727,000 after acquiring an additional 255,034 shares in the last quarter. Raymond James & Associates raised its stake in China Unicom (Hong Kong) by 7.3% during the fourth quarter. Raymond James & Associates now owns 20,768 shares of the Wireless communications provider’s stock worth $221,000 after acquiring an additional 1,414 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in China Unicom (Hong Kong) during the first quarter worth about $333,000. Lindbrook Capital LLC raised its stake in China Unicom (Hong Kong) by 145.3% during the first quarter. Lindbrook Capital LLC now owns 2,075 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 1,229 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in China Unicom (Hong Kong) by 1.6% during the first quarter. BNP Paribas Arbitrage SA now owns 121,329 shares of the Wireless communications provider’s stock worth $1,553,000 after acquiring an additional 1,937 shares in the last quarter. 1.05% of the stock is owned by institutional investors and hedge funds.

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

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