China Unicom Ltd. (NYSE:CHU) shot up 1.5% during trading on Wednesday . The stock traded as high as $11.08 and last traded at $10.94, with a volume of 792,757 shares trading hands. The stock had previously closed at $10.78.

A number of research firms recently commented on CHU. Nomura upgraded shares of China Unicom from a “reduce” rating to a “buy” rating in a research note on Friday, April 22nd. TheStreet lowered shares of China Unicom from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Mizuho lowered shares of China Unicom from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 18th. Finally, Jefferies Group lowered shares of China Unicom from a “buy” rating to a “hold” rating in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.95.

The stock has a 50-day moving average of $10.46 and a 200-day moving average of $11.26. The firm has a market cap of $26.32 billion and a PE ratio of 22.43.

Several hedge funds have modified their holdings of the stock. 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 valued at $1,435,000 after buying an additional 5,764 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 valued at $1,602,000 after buying an additional 16,549 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 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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