China Unicom (Hong Kong) Limited (ADR) (CHU) is Downgraded by Jefferies to Hold

China Unicom (Hong Kong) Limited (ADR) (CHU) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jul 18, 2016.

Many Wall Street Analysts have commented on China Unicom (Hong Kong) Limited (ADR). China Unicom (Hong Kong) Limited (ADR) was Upgraded by Nomura to ” Buy” on Apr 22, 2016.

China Unicom (Hong Kong) Limited (ADR) closed down -0.04 points or -0.38% at $10.43 with 1,46,058 shares getting traded on Friday. Post opening the session at $10.47, the shares hit an intraday low of $10.41 and an intraday high of $10.51 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

China Unicom (Hong Kong) Limited (ADR)

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