China Unicom (Hong Kong) (NYSE:CHU) Lowered to Neutral at New Street Research

New Street Research downgraded shares of China Unicom (Hong Kong) (NYSE:CHU) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, BenzingaRatingsTable reports.

Other equities analysts have also recently issued reports about the stock. UBS Group upgraded shares of China Unicom (Hong Kong) from a neutral rating to a buy rating in a research report on Monday, June 10th. Zacks Investment Research upgraded shares of China Unicom (Hong Kong) from a sell rating to a hold rating in a research report on Friday, August 16th. Finally, Credit Suisse Group upgraded shares of China Unicom (Hong Kong) from a neutral rating to an outperform rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $12.00.

CHU opened at $10.04 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $10.06 and a 200 day moving average price of $11.33. China Unicom has a 1 year low of $9.05 and a 1 year high of $13.66.

Large investors have recently bought and sold shares of the business. Lindbrook Capital LLC grew its holdings in shares of China Unicom (Hong Kong) by 145.3% during the first quarter. Lindbrook Capital LLC now owns 2,075 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 1,229 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of China Unicom (Hong Kong) during the second quarter worth $27,000. Parallel Advisors LLC grew its holdings in shares of China Unicom (Hong Kong) by 101.7% during the second quarter. Parallel Advisors LLC now owns 2,628 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 1,325 shares in the last quarter. Signaturefd LLC grew its holdings in shares of China Unicom (Hong Kong) by 68.7% during the second quarter. Signaturefd LLC now owns 4,810 shares of the Wireless communications provider’s stock worth $52,000 after buying an additional 1,959 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of China Unicom (Hong Kong) by 49.1% during the first quarter. Quadrant Capital Group LLC now owns 10,200 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 3,357 shares in the last quarter. Institutional investors own 1.08% of the company’s stock.

About China Unicom (Hong Kong)

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, and related value-added services in the People's Republic of China. It also provides broadband and other Internet-related services, information communications technology services, and business and data communications services.

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Analyst Recommendations for China Unicom (Hong Kong) (NYSE:CHU)

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