China Unicom (Hong Kong) Ltd (CHU) Receives ‘Analyst’ Rating

China Unicom (Hong Kong) Ltd (CHU) : 2 analysts are covering China Unicom (Hong Kong) Ltd (CHU) and their average rating on the stock is 2, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

China Unicom (Hong Kong) Ltd (CHU) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $12. The average forecast of all the analysts is $12.06 and the expected standard deviation is $0.65.


Also, In the latest statement by the brokerage house, Bernstein upgrades its outlook on China Unicom (Hong Kong) Ltd (NYSE:CHU). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on August 18, 2016.

China Unicom (Hong Kong) Ltd (NYSE:CHU): After opening at $11.68, the stock dipped to an intraday low of $11.62 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.12 and the buying power remained strong till the end. The stock closed at $11.99 for the day, a gain of 3.45% for the day session. The total traded volume was 2,731,076. The stocks close on the previous trading day was $11.59.

China Unicom (Hong Kong) Limited is an investment holding company, which provides telecommunications services. The Companys 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 Companys subsidiaries include China United Network Communications Corporation Limited, China Unicom (Japan) Operations Corporation, and China Unicom (Singapore) Operations Pte Limited, among others.

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