News stories about China Unicom (Hong Kong) (NYSE:CHU) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Unicom (Hong Kong) earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the Wireless communications provider an impact score of 45.6536730067031 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

China Unicom (CHU) traded up 0.47% during trading on Wednesday, reaching $15.08. The company had a trading volume of 330,799 shares. The company has a market capitalization of $36.11 billion, a price-to-earnings ratio of 251.33 and a beta of 0.74. The company has a 50-day moving average price of $14.56 and a 200 day moving average price of $13.40. China Unicom has a one year low of $10.52 and a one year high of $15.15.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday, July 26th. BidaskClub cut China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Jefferies Group LLC upgraded China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a report on Thursday, April 27th. Morgan Stanley cut China Unicom (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of China Unicom (Hong Kong) in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. China Unicom (Hong Kong) currently has an average rating of “Buy” and an average price target of $14.25.

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China Unicom (Hong Kong) Company Profile

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses and others. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.

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