The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) is a huge mover today! About 777,106 shares traded hands or 59.04% up from the average. China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has risen 2.37% since March 7, 2016 and is uptrending. It has underperformed by 5.22% the S&P500.
The move comes after 7 months positive chart setup for the $29.85B company. It was reported on Oct, 10 by Barchart.com. We have $18.21 PT which if reached, will make NYSE:CHU worth $13.43B more.
China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) Ratings Coverage
Out of 7 analysts covering China Unicom (NYSE:CHU), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. China Unicom has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, September 22 report. The rating was upgraded by Morgan Stanley on Wednesday, April 6 to “Overweight”. The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) earned “Mkt Perform” rating by Bernstein on Friday, October 30. The firm earned “Buy” rating on Thursday, February 4 by HSBC. The firm earned “Buy” rating on Friday, October 23 by Jefferies. As per Thursday, August 18, the company rating was upgraded by Bernstein. The firm has “Hold” rating by Jefferies given on Monday, July 18. The rating was upgraded by Deutsche Bank to “Buy” on Wednesday, March 30. The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) earned “Hold” rating by HSBC on Friday, July 31. As per Wednesday, March 9, the company rating was upgraded by CLSA.
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 news for China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) were recently published by: Marketwatch.com, which released: “China Unicom (Hong Kong) Ltd. ADR” on August 28, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.
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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