China Unicom (Hong Kong) (NYSE:CHU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “China Unicom Limited is engaged in the provision of cellular, paging, long distance, data and internet services in the People’s Repulic of China. “

Other equities analysts have also issued research reports about the company. TheStreet upgraded China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a research report on Tuesday, August 21st. Mizuho lowered China Unicom (Hong Kong) from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.00.

NYSE:CHU opened at $11.99 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.37 and a quick ratio of 0.37. China Unicom has a 1-year low of $11.25 and a 1-year high of $15.53. The firm has a market capitalization of $36.84 billion, a P/E ratio of 108.36 and a beta of 0.92.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp boosted its position in China Unicom (Hong Kong) by 11.5% during the 2nd quarter. Northern Trust Corp now owns 1,240,406 shares of the Wireless communications provider’s stock worth $15,518,000 after acquiring an additional 128,364 shares during the period. Millennium Management LLC boosted its position in China Unicom (Hong Kong) by 423.1% during the 2nd quarter. Millennium Management LLC now owns 414,168 shares of the Wireless communications provider’s stock worth $5,181,000 after acquiring an additional 334,990 shares during the period. PEAK6 Investments L.P. acquired a new stake in China Unicom (Hong Kong) during the 2nd quarter worth about $230,000. Bank of America Corp DE boosted its position in China Unicom (Hong Kong) by 8.7% during the 2nd quarter. Bank of America Corp DE now owns 1,565,827 shares of the Wireless communications provider’s stock worth $19,589,000 after acquiring an additional 125,929 shares during the period. Finally, Renaissance Technologies LLC boosted its position in China Unicom (Hong Kong) by 14.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,366,204 shares of the Wireless communications provider’s stock worth $17,091,000 after acquiring an additional 167,704 shares during the period. Hedge funds and other institutional investors own 1.06% of the company’s stock.

About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited, an integrated telecommunications operator, provides telecommunications services and telecommunications products worldwide. It offers mobile voice services that enable its subscribers to make and receive phone calls comprising local calls, domestic and international long-distance calls, intra-provincial roaming, inter-provincial roaming, and international roaming; and mobile data, mobile reading, mobile music, WO app store, SMS, personalized ring-back tone, and other wireless information services.

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