Shares of China Unicom Ltd. (NYSE:CHU) rose 2.4% on Thursday . The company traded as high as $10.40 and last traded at $10.35, with a volume of 165,130 shares trading hands. The stock had previously closed at $10.11.

CHU has been the topic of a number of analyst reports. Deutsche Bank AG upgraded China Unicom from a “hold” rating to a “buy” rating in a research 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. Jefferies Group cut China Unicom from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Mizuho cut China Unicom from a “buy” rating to a “neutral” rating in a report on Wednesday, May 18th. Finally, Morgan Stanley upgraded China Unicom from an “equal weight” rating to an “overweight” rating in a report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. China Unicom has a consensus rating of “Hold” and an average price target of $13.95.

The stock’s 50-day moving average is $10.42 and its 200-day moving average is $11.30. The stock has a market cap of $24.83 billion and a price-to-earnings ratio of 21.16.

A number of institutional investors recently made changes to their positions in CHU. Comerica Bank boosted its position 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 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 valued at $1,602,000 after buying an additional 16,549 shares in the last quarter. Russell Frank Co boosted its position 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. Finally, Bank of Montreal Can boosted its position 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.

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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