China Unicom Ltd. (NYSE:CHU)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $10.62, but opened at $10.66. China Unicom shares last traded at $10.72, with a volume of 223,323 shares.

A number of equities analysts recently commented on the company. 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. TheStreet cut China Unicom from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Finally, Nomura raised China Unicom from a “reduce” rating to a “buy” rating in a report on Friday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned 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’s 50 day moving average price is $10.38 and its 200-day moving average price is $11.26. The firm has a market cap of $25.72 billion and a price-to-earnings ratio of 21.92.

Several large investors recently made changes to their positions in CHU. Russell Frank Co raised 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 worth $1,242,000 after buying an additional 45,000 shares during the period. First Trust Advisors LP raised 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 worth $1,602,000 after buying an additional 16,549 shares during the period. Comerica Bank raised 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 worth $1,435,000 after buying an additional 5,764 shares during the period. Finally, Bank of Montreal Can raised 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 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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