China Unicom (Hong Kong) Limited Upgraded to “Buy” by Mizuho (CHU)
China Unicom (Hong Kong) Limited (NYSE:CHU) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Shares of China Unicom (NYSE:CHU) traded up 1.00% during mid-day trading on Thursday, hitting $17.10. The stock had a trading volume of 214,866 shares. China Unicom has a 1-year low of $11.71 and a 1-year high of $17.61. The stock’s 50-day moving average is $16.71 and its 200-day moving average is $14.78. The company has a market cap of $40.768 billion and a P/E ratio of 21.43.
Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of China Unicom (Hong Kong) Limited in a research note on Tuesday, August 5th. They now have a $20.10 price target on the stock, up previously from $18.00. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.10.
China Unicom (NYSE:CHU) Limited is an investment holding company.
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