Shares of China Unicom Ltd. (NYSE:CHU) saw unusually-strong trading volume on Wednesday . Approximately 270,082 shares were traded during mid-day trading, a decline of 8% from the previous session’s volume of 294,078 shares.The stock last traded at $10.24 and had previously closed at $10.22.

A number of research analysts have recently weighed in on CHU shares. Deutsche Bank AG upgraded China Unicom from a “hold” rating to a “buy” rating in a report on Wednesday, March 30th. Nomura Holdings Inc. upgraded China Unicom from a “reduce” rating to a “buy” rating in a report on Friday, April 22nd. Mizuho lowered China Unicom from a “buy” rating to a “neutral” rating in a report on Wednesday, May 18th. Morgan Stanley upgraded China Unicom from an “equal weight” rating to an “overweight” rating in a report on Wednesday, April 6th. Finally, TheStreet lowered China Unicom from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. China Unicom currently has a consensus rating of “Hold” and an average target price of $13.95.

The company has a 50 day moving average price of $10.58 and a 200 day moving average price of $11.44. The firm has a market cap of $24.47 billion and a price-to-earnings ratio of 20.86.

Other hedge funds and institutional investors have recently bought and sold shares of the company. World Asset Management Inc increased its position in China Unicom by 2.4% in the fourth quarter. World Asset Management Inc now owns 127,107 shares of the company’s stock worth $1,533,000 after buying an additional 2,926 shares during the period. Comerica Bank increased its position in China Unicom by 4.7% in the fourth quarter. Comerica Bank now owns 128,613 shares of the company’s stock worth $1,435,000 after buying an additional 5,764 shares during the period. NorthCoast Asset Management LLC purchased a new position in China Unicom during the fourth quarter worth $2,372,000. First Trust Advisors LP increased its position in China Unicom by 14.2% in the fourth quarter. First Trust Advisors LP now owns 132,815 shares of the company’s stock worth $1,602,000 after buying an additional 16,549 shares during the period. Finally, Russell Frank Co increased its position in China Unicom by 78.0% in the fourth quarter. Russell Frank Co now owns 102,700 shares of the company’s stock worth $1,242,000 after buying an additional 45,000 shares during the period.

China Unicom (Hong Kong) Limited is an investment holding company. The Company is an integrated telecommunications operator. The principal activities of the Company’s subsidiaries are the provision of cellular and fixed-line voice and related services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the People’s Republic of China (PRC).

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