China Unicom (Hong Kong) Limited (ADR) (CHU) was Upgraded by Bernstein to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Bernstein advised their investors in a research report released on Aug 18, 2016.
Many Wall Street Analysts have commented on China Unicom (Hong Kong) Limited (ADR). China Unicom (Hong Kong) Limited (ADR) was Downgraded by Jefferies to ” Hold” on Jul 18, 2016.
China Unicom (Hong Kong) Limited (ADR) opened for trading at $10.81 and hit $11.08 on the upside on Wednesday, eventually ending the session at $10.99, with a gain of 1.95% or 0.21 points. The heightened volatility saw the trading volume jump to 11,82,852 shares. Company has a market cap of $26,318 M.
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.