China Unicom Ltd. (NYSE:CHU) gapped up before the market opened on Thursday . The stock had previously closed at $10.15, but opened at $10.22. China Unicom shares last traded at $10.32, with a volume of 139,012 shares.

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

The stock has a market capitalization of $24.90 billion and a PE ratio of 21.22. The stock has a 50-day moving average of $10.56 and a 200-day moving average of $11.42.

A number of large investors have recently added to or reduced their stakes in CHU. Bank of Montreal Can increased its stake in China Unicom by 4.0% in the fourth quarter. Bank of Montreal Can now owns 88,999 shares of the company’s stock valued at $1,074,000 after buying an additional 3,398 shares during the period. NorthCoast Asset Management LLC purchased a new stake in China Unicom during the fourth quarter valued at about $2,372,000. Comerica Bank increased its stake in China Unicom by 4.7% in the fourth quarter. Comerica Bank now owns 128,613 shares of the company’s stock valued at $1,435,000 after buying an additional 5,764 shares during the period. First Trust Advisors LP increased its stake in China Unicom by 14.2% in the fourth quarter. First Trust Advisors LP now owns 132,815 shares of the company’s stock valued at $1,602,000 after buying an additional 16,549 shares during the period. Finally, World Asset Management Inc increased its stake in China Unicom by 2.4% in the fourth quarter. World Asset Management Inc now owns 127,107 shares of the company’s stock valued at $1,533,000 after buying an additional 2,926 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.