China Unicom Ltd. (NYSE:CHU) gapped down before the market opened on Friday . The stock had previously closed at $10.60, but opened at $10.62. China Unicom shares last traded at $10.71, with a volume of 95,860 shares trading hands.

Several equities research analysts have recently commented on the company. Jefferies Group downgraded China Unicom from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Mizuho downgraded China Unicom from a “buy” rating to a “neutral” rating in a report on Wednesday, May 18th. Nomura raised China Unicom from a “reduce” rating to a “buy” rating in a report on Friday, April 22nd. Finally, TheStreet downgraded China Unicom from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.95.

The firm has a market capitalization of $25.62 billion and a PE ratio of 21.84. The stock has a 50 day moving average of $10.38 and a 200 day moving average of $11.25.

Several large investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake 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 period. First Trust Advisors LP boosted its stake in 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 during the period. Russell Frank Co boosted its stake 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 period. Finally, Bank of Montreal Can boosted its stake 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 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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