Shares of China Unicom Ltd. (NYSE:CHU) have received an average rating of “Hold” from the nine research firms that are covering the stock. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company.
A number of analysts have recently commented on CHU shares. Mizuho downgraded China Unicom from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 18th. Sanford C. Bernstein raised China Unicom from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 18th. Finally, Jefferies Group downgraded China Unicom from a “buy” rating to a “hold” rating in a research note on Monday, July 18th.
China Unicom (NYSE:CHU) traded up 1.58% during mid-day trading on Wednesday, hitting $11.57. The company had a trading volume of 212,599 shares. The company’s 50 day moving average price is $11.14 and its 200-day moving average price is $11.34. The company has a market cap of $27.71 billion, a PE ratio of 37.32 and a beta of 0.59. China Unicom has a one year low of $9.89 and a one year high of $15.00.
Institutional investors have recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of China Unicom by 35.9% in the first quarter. Aperio Group LLC now owns 184,962 shares of the company’s stock worth $2,434,000 after buying an additional 48,882 shares during the last quarter. Thomas White International Ltd. boosted its position in shares of China Unicom by 4.8% in the first quarter. Thomas White International Ltd. now owns 109,429 shares of the company’s stock worth $1,440,000 after buying an additional 4,991 shares during the last quarter. BlackRock Inc. boosted its position in shares of China Unicom by 20.7% in the first quarter. BlackRock Inc. now owns 97,975 shares of the company’s stock worth $1,289,000 after buying an additional 16,813 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of China Unicom by 160.9% in the first quarter. JPMorgan Chase & Co. now owns 14,745 shares of the company’s stock worth $194,000 after buying an additional 9,094 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of China Unicom by 265.9% in the first quarter. Goldman Sachs Group Inc. now owns 142,892 shares of the company’s stock worth $1,880,000 after buying an additional 103,835 shares during the last quarter. Institutional investors and hedge funds own 1.05% of the company’s stock.
About China Unicom
China Unicom (Hong Kong) Limited is an investment holding company. The Company 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).