China Unicom (Hong Kong) (CHU) Earns News Sentiment Rating of 0.21
News articles about China Unicom (Hong Kong) (NYSE:CHU) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Unicom (Hong Kong) earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the Wireless communications provider an impact score of 47.2628033442039 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- A private solution for China’s zombie company problem (theborneopost.com)
- ANALYSIS-A private solution for China´s zombie company problem? Unlikely (dailymail.co.uk)
- A private solution for China’s zombie company problem? Unlikely (nasdaq.com)
- China Unicom (Hong Kong) Ltd (CHU) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Ratings On Two China Life Insurance Entities Lowered And Placed On CreditWatch Negative (thaipr.net)
Shares of China Unicom (CHU) opened at 14.16 on Tuesday. The firm has a market capitalization of $33.91 billion, a P/E ratio of 141.60 and a beta of 0.72. The company has a 50-day moving average price of $14.79 and a 200-day moving average price of $14.06. China Unicom has a 12-month low of $10.84 and a 12-month high of $16.55.
CHU has been the subject of several recent analyst reports. Zacks Investment Research upgraded China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Friday, August 18th. BidaskClub cut China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. J P Morgan Chase & Co cut China Unicom (Hong Kong) from a “neutral” rating to an “underweight” rating in a research note on Monday, August 21st. Morgan Stanley cut China Unicom (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. Finally, Bank of America Corporation initiated coverage on China Unicom (Hong Kong) in a research note on Wednesday, August 30th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.00.
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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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