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China Unicom (Hong Kong) Limited (NYSE:CHU) shares hit a new 52-week high on Friday , Analyst Ratings Network reports. The stock traded as high as $17.85 and last traded at $17.74, with a volume of 412,002 shares changing hands. The stock had previously closed at $17.18.

CHU has been the subject of a number of recent research reports. Analysts at Mizuho upgraded shares of China Unicom (Hong Kong) Limited from a “neutral” rating to a “buy” rating in a research note on Thursday. 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 research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. China Unicom (Hong Kong) Limited currently has an average rating of “Hold” and a consensus target price of $20.10.

The stock’s 50-day moving average is $16.75 and its 200-day moving average is $14.8. The company has a market cap of $42.199 billion and a P/E ratio of 21.75.

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

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