China Unicom (Hong Kong) Limited (ADR) (CHU) was Upgraded by Nomura to ” Buy”. Earlier the firm had a rating of “Reduce ” on the company shares. Nomura advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on China Unicom (Hong Kong) Limited (ADR). China Unicom (Hong Kong) Limited (ADR) was Upgraded by Morgan Stanley to ” Overweight” on Apr 6, 2016. China Unicom (Hong Kong) Limited (ADR) was Upgraded by Credit Agricole to ” Buy” on Mar 9, 2016. China Unicom (Hong Kong) Limited (ADR) was Upgraded by HSBC Securities to ” Buy” on Feb 4, 2016.
China Unicom (Hong Kong) Limited (ADR) closed down -0.23 points or -1.88% at $12.02 with 5,45,684 shares getting traded on Wednesday. Post opening the session at $12.25, the shares hit an intraday low of $12.005 and an intraday high of $12.34 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
China Unicom (Hong Kong) Limited is an investment holding company which provides telecommunications services. The Company’s subsidiaries principal activities are the provision of cellular and fixed-line voice and services broadband and other Internet-related services information communications technology services and business and data communications services in the PRC. It provides a range of telecommunications services in China including mobile broadband fixedline broadband global system for mobile communications (GSM) fixed-line local access information and communications technology (ICT) data communications and other related services. The Company’s subsidiaries include China United Network Communications Corporation Limited China Unicom (Japan) Operations Corporation and China Unicom (Singapore) Operations Pte Limited among others.