China Unicom Hong Kong Stock Rating Lowered by BNP Paribas (CHU)
China Unicom Hong Kong (NYSE:CHU) was downgraded by equities research analysts at BNP Paribas to a “hold” rating in a research note issued to investors on Friday, StockRatingsNetwork.com reports.
China Unicom Hong Kong (NYSE:CHU) traded down 0.58% on Friday, hitting $15.50. The stock had a trading volume of 65,196 shares. China Unicom Hong Kong has a 52 week low of $12.18 and a 52 week high of $17.68. The stock has a 50-day moving average of $15.62 and a 200-day moving average of $14.25. The company has a market cap of $36.642 billion and a P/E ratio of 26.42.
A number of other firms have also recently commented on CHU. Analysts at Zacks reiterated a “neutral” rating on shares of China Unicom Hong Kong (NYSE:CHU) in a research note to investors on Thursday, August 29th. They now have a $16.00 price target on the stock. Analysts at HSBC upgraded shares of China Unicom Hong Kong (NYSE:CHU) from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, July 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $16.00.
China Unicom (NYSE:CHU) Limited (China Unicom) is an integrated telecommunications operator in China providing mobile voice and value-added, fixed-line voice and value-added, fixed-line broadband, data communications and other telecommunications services to its customers through two business segments comprised of mobile services and fixed-line services.
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