China Unicom Ltd. (CHU) Upgraded at Goldman Sachs Group Inc.
China Unicom Ltd. (NYSE:CHU) was upgraded by Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research report issued on Thursday.
Other research analysts also recently issued reports about the stock. Sanford C. Bernstein raised shares of China Unicom from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 18th. Jefferies Group downgraded shares of China Unicom from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.95.
Shares of China Unicom (NYSE:CHU) traded up 0.3434% during mid-day trading on Thursday, reaching $11.9208. 232,210 shares of the company’s stock traded hands. The stock has a market cap of $28.55 billion, a price-to-earnings ratio of 38.4542 and a beta of 0.59. The firm’s 50 day moving average price is $11.35 and its 200-day moving average price is $11.35. China Unicom has a 12-month low of $9.89 and a 12-month high of $15.00.
A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of China Unicom by 77.2% in the first quarter. Renaissance Technologies LLC now owns 1,476,800 shares of the company’s stock valued at $19,435,000 after buying an additional 643,200 shares during the period. Credit Suisse AG increased its stake in shares of China Unicom by 72.1% in the second quarter. Credit Suisse AG now owns 772,428 shares of the company’s stock valued at $8,041,000 after buying an additional 323,495 shares during the period. NINE MASTS CAPITAL Ltd increased its stake in shares of China Unicom by 21.7% in the second quarter. NINE MASTS CAPITAL Ltd now owns 698,550 shares of the company’s stock valued at $7,221,000 after buying an additional 124,754 shares during the period. Aperio Group LLC increased its stake in shares of China Unicom by 35.9% in the first quarter. Aperio Group LLC now owns 184,962 shares of the company’s stock valued at $2,434,000 after buying an additional 48,882 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in shares of China Unicom during the second quarter valued at approximately $1,823,000. 0.96% of the stock is currently owned by institutional investors.
About China Unicom
China Unicom (Hong Kong) Limited is an investment holding company. The Company is an integrated telecommunications operator. The principal activities of the Company’s subsidiaries are the provision of cellular and fixed-line voice and related services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the People’s Republic of China (PRC).
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