China Unicom (Hong Kong) (NYSE:CHU) Lifted to “Outperform” at Credit Suisse Group

China Unicom (Hong Kong) (NYSE:CHU) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, The Fly reports.

Several other research firms have also commented on CHU. Zacks Investment Research lowered China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. New Street Research upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, UBS Group upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research note on Monday, June 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. China Unicom (Hong Kong) has a consensus rating of “Buy” and a consensus target price of $12.00.

NYSE:CHU traded up $0.04 during trading hours on Wednesday, hitting $9.27. 10,314 shares of the stock were exchanged, compared to its average volume of 422,426. China Unicom has a 52-week low of $9.05 and a 52-week high of $13.66. The business’s fifty day simple moving average is $10.25. The company has a current ratio of 0.35, a quick ratio of 0.34 and a debt-to-equity ratio of 0.01. The firm has a market cap of $28.36 billion, a P/E ratio of 18.54 and a beta of 1.01.

A number of large investors have recently bought and sold shares of CHU. Lindbrook Capital LLC increased its stake in China Unicom (Hong Kong) by 145.3% during the 1st quarter. Lindbrook Capital LLC now owns 2,075 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 1,229 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of China Unicom (Hong Kong) during the 2nd quarter worth approximately $27,000. Parallel Advisors LLC boosted its holdings in shares of China Unicom (Hong Kong) by 101.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,628 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,325 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of China Unicom (Hong Kong) by 68.7% during the 2nd quarter. Signaturefd LLC now owns 4,810 shares of the Wireless communications provider’s stock worth $52,000 after purchasing an additional 1,959 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of China Unicom (Hong Kong) by 49.1% during the 1st quarter. Quadrant Capital Group LLC now owns 10,200 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 3,357 shares during the last quarter. Institutional investors own 1.05% of the company’s stock.

China Unicom (Hong Kong) Company Profile

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, and related value-added services in the People's Republic of China. It also provides broadband and other Internet-related services, information communications technology services, and business and data communications services.

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