China Unicom Ltd. (NYSE:CHU) shares fell 2.2% during mid-day trading on Monday . The stock traded as low as $10.13 and last traded at $10.17, with a volume of 208,970 shares. The stock had previously closed at $10.40.

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

The firm has a 50-day moving average of $10.53 and a 200-day moving average of $11.39. The stock has a market cap of $24.55 billion and a PE ratio of 20.92.

Other hedge funds have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of 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 in the last quarter. Comerica Bank boosted its stake in shares of 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 in the last quarter. First Trust Advisors LP boosted its stake 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 valued at $1,602,000 after buying an additional 16,549 shares in the last quarter. Finally, Russell Frank Co boosted its stake in shares of 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 in 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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