Shares of China Unicom Ltd. (NYSE:CHU) traded down 1.1% on Tuesday . The company traded as low as $11.63 and last traded at $11.64, with a volume of 124,518 shares. The stock had previously closed at $11.77.

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein upgraded shares of China Unicom from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 18th. Jefferies Group lowered shares of China Unicom from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Mizuho lowered shares of China Unicom from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 18th. Finally, TheStreet lowered shares of China Unicom from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $13.95.

The company has a market cap of $27.71 billion and a price-to-earnings ratio of 37.32. The stock’s 50 day moving average is $10.65 and its 200 day moving average is $11.29.

An institutional investor recently raised its position in China Unicom stock. Bank of Montreal Can raised its stake in shares of China Unicom Ltd. (NYSE:CHU) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,999 shares of the company’s stock after buying an additional 3,398 shares during the period. Bank of Montreal Can’s holdings in China Unicom were worth $1,074,000 as of its most recent filing with the SEC.

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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