China Unicom Ltd. (CHU) Shares Down 1.1%
China Unicom Ltd. (NYSE:CHU)’s share price traded down 1.1% during mid-day trading on Tuesday . The company traded as low as $11.63 and last traded at $11.64, with a volume of 124,518 shares traded. The stock had previously closed at $11.77.
A number of equities analysts have issued reports 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. Sanford C. Bernstein raised China Unicom from a “market perform” rating to an “outperform” rating in a report on Thursday, August 18th. Finally, TheStreet cut China Unicom from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.95.
The company’s 50 day moving average price is $10.61 and its 200-day moving average price is $11.29. The company has a market cap of $27.85 billion and a PE ratio of 37.52.
An institutional investor recently raised its position in China Unicom stock. Bank of Montreal Can increased its position in China Unicom Ltd. (NYSE:CHU) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting 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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