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Shares of China Unicom (Hong Kong) Limited (NYSE:CHU) reached a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork reports. The company traded as high as $17.61 and last traded at $17.49, with a volume of 219,425 shares trading hands. The stock had previously closed at $17.14.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of China Unicom (Hong Kong) Limited in a research note on Monday, May 26th. They now have a $16.00 price target on the stock. Analysts at HSBC downgraded shares of China Unicom (Hong Kong) Limited from a “neutral” rating to an “underweight” rating in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.00.

The stock has a 50-day moving average of $15.78 and a 200-day moving average of $14.22. The company has a market cap of $41.456 billion and a P/E ratio of 21.70.

China Unicom (NYSE:CHU) Limited is an investment holding company.

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