China Unicom Ltd. (NYSE:CHU)’s share price was up 2.4% during mid-day trading on Thursday . The company traded as high as $10.40 and last traded at $10.35, with a volume of 165,130 shares. The stock had previously closed at $10.11.

A number of equities analysts have issued reports on CHU shares. Mizuho downgraded shares of 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 research note on Wednesday, April 6th. Deutsche Bank AG upgraded China Unicom from a “hold” rating to a “buy” rating in a research note on Wednesday, March 30th. Jefferies Group cut China Unicom from a “buy” rating to a “hold” rating in a research note on Monday. Finally, TheStreet cut China Unicom from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $13.95.

The company has a 50 day moving average price of $10.46 and a 200-day moving average price of $11.32. The firm has a market cap of $24.79 billion and a P/E ratio of 21.12.

A number of institutional investors have recently bought and sold shares of CHU. 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. 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. 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. 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 worth $1,074,000 after buying an additional 3,398 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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