China Unicom (Hong Kong) Ltd (NYSE:CHU) – Analysts at Jefferies Group upped their FY2018 earnings estimates for China Unicom (Hong Kong) in a report released on Monday. Jefferies Group analyst E. Lee now anticipates that the Wireless communications provider will post earnings of $0.50 per share for the year, up from their previous forecast of $0.31. Jefferies Group also issued estimates for China Unicom (Hong Kong)’s FY2019 earnings at $1.05 EPS, FY2020 earnings at $1.42 EPS and FY2021 earnings at $1.59 EPS.

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Several other equities research analysts have also commented on CHU. Zacks Investment Research raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Monday, May 22nd. BidaskClub lowered shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Morgan Stanley lowered shares of China Unicom (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. Sanford C. Bernstein reissued a “buy” rating on shares of China Unicom (Hong Kong) in a report on Tuesday, July 11th. Finally, CLSA lowered shares of China Unicom (Hong Kong) from an “outperform” rating to an “underperform” rating in a report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. China Unicom (Hong Kong) currently has an average rating of “Hold” and an average price target of $14.25.

Shares of China Unicom (NYSE:CHU) traded up 0.07% during mid-day trading on Thursday, hitting $14.48. 177,600 shares of the stock were exchanged. China Unicom has a 52-week low of $10.84 and a 52-week high of $16.55. The stock’s 50-day moving average price is $14.91 and its 200-day moving average price is $13.92. The company has a market cap of $34.68 billion, a P/E ratio of 144.80 and a beta of 0.72.

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in shares of China Unicom (Hong Kong) by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 16,837 shares of the Wireless communications provider’s stock valued at $227,000 after purchasing an additional 738 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of China Unicom (Hong Kong) by 2.5% in the first quarter. BNP Paribas Arbitrage SA now owns 121,656 shares of the Wireless communications provider’s stock valued at $1,639,000 after purchasing an additional 2,990 shares during the period. Capital One National Association purchased a new stake in shares of China Unicom (Hong Kong) in the second quarter valued at about $299,000. Wells Fargo & Company MN grew its holdings in shares of China Unicom (Hong Kong) by 23.4% in the first quarter. Wells Fargo & Company MN now owns 33,401 shares of the Wireless communications provider’s stock valued at $450,000 after purchasing an additional 6,329 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of China Unicom (Hong Kong) by 3.5% in the first quarter. Renaissance Technologies LLC now owns 1,544,300 shares of the Wireless communications provider’s stock valued at $20,802,000 after purchasing an additional 52,700 shares during the period. 1.18% of the stock is owned by hedge funds and other institutional investors.

About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses and others. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.

Earnings History and Estimates for China Unicom (Hong Kong) (NYSE:CHU)

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