Zacks Investment Research downgraded shares of China Unicom (Hong Kong) (NYSE:CHU) from a buy rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “China Unicom Limited is engaged in the provision of cellular, paging, long distance, data and internet services in the People’s Repulic of China. “

Separately, ValuEngine cut China Unicom (Hong Kong) from a hold rating to a sell rating in a research report on Monday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $7.75.

NYSE CHU opened at $6.56 on Tuesday. The stock has a 50-day simple moving average of $7.18 and a two-hundred day simple moving average of $6.28. The firm has a market capitalization of $20.07 billion, a P/E ratio of 12.38, a PEG ratio of 1.00 and a beta of 1.11. China Unicom has a fifty-two week low of $5.08 and a fifty-two week high of $11.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.47 and a current ratio of 0.49.

Several institutional investors have recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of China Unicom (Hong Kong) by 8.0% during the 1st quarter. Deutsche Bank AG now owns 27,174 shares of the Wireless communications provider’s stock worth $160,000 after purchasing an additional 2,013 shares during the last quarter. US Bancorp DE boosted its holdings in shares of China Unicom (Hong Kong) by 6.3% during the 1st quarter. US Bancorp DE now owns 34,049 shares of the Wireless communications provider’s stock worth $201,000 after purchasing an additional 2,032 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of China Unicom (Hong Kong) by 25.0% during the 2nd quarter. Parallel Advisors LLC now owns 10,206 shares of the Wireless communications provider’s stock worth $55,000 after purchasing an additional 2,041 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of China Unicom (Hong Kong) by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 42,232 shares of the Wireless communications provider’s stock worth $230,000 after purchasing an additional 2,101 shares during the last quarter. Finally, Aigen Investment Management LP raised its position in shares of China Unicom (Hong Kong) by 6.2% during the 2nd quarter. Aigen Investment Management LP now owns 54,869 shares of the Wireless communications provider’s stock valued at $299,000 after buying an additional 3,198 shares during the period. Institutional investors and hedge funds own 1.00% 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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