Today’s Price Action: After Today’s Big Increase, Is China Unicom (Hong Kong) Limited (ADR)’s Near-Term Analysis Positive?

Today's Price Action: After Today's Big Increase, Is China Unicom (Hong Kong) Limited (ADR)'s Near Term Analysis Positive?

The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) is a huge mover today! About 205,273 shares traded hands. China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has declined 12.52% since April 18, 2016 and is downtrending. It has underperformed by 16.95% the S&P500.
The move comes after 5 months positive chart setup for the $28.49 billion company. It was reported on Nov, 18 by Barchart.com. We have $18.83 PT which if reached, will make NYSE:CHU worth $17.95 billion 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. The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) earned “Buy” rating by Deutsche Bank on Wednesday, March 30. The company was downgraded on Monday, October 24 by Deutsche Bank. The stock has “Overweight” rating given by Morgan Stanley on Wednesday, April 6. The rating was downgraded by Jefferies to “Hold” on Monday, July 18. The firm has “Buy” rating by HSBC given on Thursday, February 4. HSBC upgraded China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) on Friday, July 31 to “Hold” rating. The firm has “Buy” rating by Jefferies given on Monday, August 24. Jefferies maintained it with “Buy” rating and $15.90 target price in Friday, October 23 report. The firm has “Buy” rating by Goldman Sachs given on Thursday, September 22. The company was upgraded on Wednesday, March 9 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 notable 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 with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, Investorplace.com published: “6 Diversified Telecommunication Services Stocks to Sell Now” on November 16, 2016. More interesting news about China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) were released by: Nasdaq.com and their article: “Mid-Day Market Update: Western Refining Surges On Acquisition News; Stage …” published on November 17, 2016 as well as Businessfinancenews.com‘s news article titled: “China Mobile Ltd. (ADR) Names Shang Bing New Chairman” with publication date: August 24, 2015.

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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