China Unicom (Hong Kong) Ltd (CHU) Downgraded by JP Morgan Chase & Co

China Unicom (Hong Kong) Ltd (CHU) Downgraded by JP Morgan Chase & Co

Investors might also notice that three month ago the Buy recommendations (7) outnumbered Sell recommendations (2). The current 50-day Moving Average is 11.42, the 200-day Moving Average is 10.09, and the 7-day is noted at 11.95. Arrowstreet Capital Limited Partnership raised its stake in China Unicom (Hong Kong) by 17.4% in the second quarter. PNC Financial Services Group Inc. increased its stake in China Unicom (Hong Kong) by 4.6% in the first quarter. It opened the session with a $15.19 price tag, later ranging from $14.98 to $15.29, the range at which the stock has traded at throughout the day.

Shanghai: Shares in China's second-largest telecoms carrier Unicom soared Monday after it reiterated previously retracted plans for an nearly $12 billion stake sale involving high-profile investors including Tencent, Baidu, and Alibaba. Hedge funds and other institutional investors own 1.19% of the company's stock. The company has a market capitalization of $36.38 billion, a PE ratio of 151.90 and a beta of 0.74.

The Money Flow Indicator for China Unicom Hong Kong Ltd (CHU) has touched above 60 and has found a place on investor's radar as it potentially nears the key 70 mark. Reilly Financial Advisors LLC raised its stake in shares of China Mobile (Hong Kong) by 6.6% in the first quarter.

The company made the announcement in a statement to the Shanghai stock exchange late on Sunday. The correct version of this piece can be read at Russell Investments Group Ltd. purchased a new position in shares of China Unicom (Hong Kong) during the fourth quarter worth $852,000. Royal Bank of Canada now owns 1,255,775 shares of the Wireless communications provider's stock valued at $18,786,000 after buying an additional 96,993 shares in the last quarter. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company's stock. The lowest price the stock reached in the last trading day was $14.98 and compares with the $10.84 52-week low.

China Unicom is a world-leading telecom operator in terms of revenue and customer base, ranking as one of the premier companies in the Fortune Global 500. Over the past month the firm's stock is 4.18%, 13.27% for the last quarter, 24.82% for the past six-months and 30.05% for the a year ago. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.