The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) is a huge mover today! About 273,359 shares traded hands. China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has declined 6.39% since April 27, 2016 and is downtrending. It has underperformed by 11.62% the S&P500.
The move comes after 7 months positive chart setup for the $29.23 billion company. It was reported on Nov, 30 by Barchart.com. We have $12.51 PT which if reached, will make NYSE:CHU worth $876.90 million more.
China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) Ratings Coverage
Out of 7 analysts covering China Unicom (NYSE:CHU), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. China Unicom has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Wednesday, March 30, the company rating was upgraded by Deutsche Bank. As per Thursday, September 22, the company rating was upgraded by Goldman Sachs. Jefferies maintained China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) rating on Friday, October 23. Jefferies has “Buy” rating and $15.90 price target. The firm earned “Hold” rating on Friday, July 31 by HSBC. On Friday, October 30 the stock rating was downgraded by Bernstein to “Mkt Perform”. The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has “Outperform” rating given on Thursday, August 18 by Bernstein. The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has “Hold” rating given on Monday, October 24 by Deutsche Bank. The firm earned “Buy” rating on Thursday, February 4 by HSBC. The firm has “Buy” rating given on Wednesday, March 9 by CLSA. The firm earned “Overweight” rating on Wednesday, April 6 by Morgan Stanley.
According to Zacks Investment Research, “China Unicom Limited is engaged in the provision of cellular, paging, long distance, data and internet services in the People’s Repulic of China.”
More recent China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) news were published by: Marketwatch.com which released: “China Unicom (Hong Kong) Ltd. ADR” on August 28, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Businessfinancenews.com‘s news article titled: “China Mobile Ltd. (ADR) Names Shang Bing New Chairman” with publication date: August 24, 2015 was also an interesting one.
CHU Company Profile
China Unicom (Hong Kong) Limited, incorporated on February 8, 2000, is an investment holding company. The Firm 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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