China Unicom Ltd. (NYSE:CHU)’s share price was down 2.2% during trading on Monday . The stock traded as low as $10.13 and last traded at $10.17, with a volume of 208,970 shares traded. The stock had previously closed at $10.40.

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

The firm has a market capitalization of $24.33 billion and a PE ratio of 20.73. The firm’s 50 day moving average price is $10.56 and its 200-day moving average price is $11.42.

A number of institutional investors have made changes to their positions in CHU. First Trust Advisors LP increased its position in shares of 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. 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 valued at $1,435,000 after buying an additional 5,764 shares during the last quarter. 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 valued at $1,242,000 after buying an additional 45,000 shares during the last quarter. Finally, Bank of Montreal Can increased its position 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 last quarter.

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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