China Unicom Ltd. (CHU) Stock Price Down 0.9%
China Unicom Ltd. (NYSE:CHU)’s share price was down 0.9% during mid-day trading on Monday . The stock traded as low as $11.42 and last traded at $11.49, with a volume of 134,369 shares changing hands. The stock had previously closed at $11.59.
Several equities analysts recently issued reports on CHU shares. Mizuho cut China Unicom from a “buy” rating to a “neutral” rating in a report on Wednesday, May 18th. Jefferies Group cut China Unicom from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Finally, Sanford C. Bernstein upgraded China Unicom from a “market perform” rating to an “outperform” rating in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.95.
The stock has a 50-day moving average price of $10.72 and a 200 day moving average price of $11.30. The company has a market cap of $27.52 billion and a PE ratio of 37.06.
An institutional investor recently raised its position in China Unicom stock. Bank of Montreal Can increased its position 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 at the end of the most recent 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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