China Unicom (Hong Kong) Limited (NYSE:CHU) has earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of equities analysts have commented on CHU shares. TheStreet upgraded shares of China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a research report on Friday, March 15th. New Street Research upgraded shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research downgraded shares of China Unicom (Hong Kong) from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Finally, UBS Group upgraded shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Monday.

Institutional investors have recently made changes to their positions in the business. Morgan Stanley raised its position in China Unicom (Hong Kong) by 9.6% during the 3rd quarter. Morgan Stanley now owns 233,543 shares of the Wireless communications provider’s stock worth $2,731,000 after buying an additional 20,505 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of China Unicom (Hong Kong) by 49.1% during the 1st quarter. Quadrant Capital Group LLC now owns 10,200 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 3,357 shares during the period. JPMorgan Chase & Co. grew its stake in shares of China Unicom (Hong Kong) by 129.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,968 shares of the Wireless communications provider’s stock worth $1,250,000 after purchasing an additional 60,346 shares during the period. M&T Bank Corp acquired a new position in shares of China Unicom (Hong Kong) during the 4th quarter worth $181,000. Finally, Whittier Trust Co. acquired a new position in shares of China Unicom (Hong Kong) during the 4th quarter worth $33,000. Institutional investors own 1.06% of the company’s stock.

Shares of China Unicom (Hong Kong) stock opened at $10.85 on Tuesday. The firm has a market cap of $32.40 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.30 and a beta of 0.98. The company has a quick ratio of 0.34, a current ratio of 0.35 and a debt-to-equity ratio of 0.01. China Unicom has a one year low of $10.33 and a one year high of $13.66.

The company also recently disclosed an annual dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.1995 per share. The ex-dividend date is Wednesday, May 15th. This represents a yield of 1.52%. This is an increase from China Unicom (Hong Kong)’s previous annual dividend of $0.08. China Unicom (Hong Kong)’s dividend payout ratio is presently 36.00%.

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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