China Unicom (Hong Kong) Limited (ADR) (CHU) was Downgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Nov 30, 2016.
Many Wall Street Analysts have commented on China Unicom (Hong Kong) Limited (ADR). China Unicom (Hong Kong) Limited (ADR) was Downgraded by Deutsche Bank to ” Hold” on Oct 24, 2016.
China Unicom (Hong Kong) Limited (ADR) opened for trading at $11.26 and hit $11.35 on the upside on Tuesday, eventually ending the session at $11.28, with a gain of 0.09% or 0.01 points. The heightened volatility saw the trading volume jump to 1,49,247 shares. Company has a market cap of $27,012 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.