China Unicom (Hong Kong) Limited Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:CHU)
China Unicom (Hong Kong) Limited (NYSE:CHU) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, ARN reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.55.
CHU has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of China Unicom (Hong Kong) Limited in a research note on Thursday. They now have a $19.00 price target on the stock. Separately, analysts at Macquarie downgraded shares of China Unicom (Hong Kong) Limited from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Finally, 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, August 28th.
China Unicom (NYSE:CHU) traded up 0.62% during mid-day trading on Friday, hitting $17.85. 107,663 shares of the company’s stock traded hands. China Unicom has a 52 week low of $11.71 and a 52 week high of $18.20. The stock’s 50-day moving average is $16.96 and its 200-day moving average is $14.93. The company has a market cap of $42.556 billion and a price-to-earnings ratio of 22.46.
China Unicom (NYSE:CHU) Limited is an investment holding company.
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