Goldman Sachs Group upgraded shares of China Unicom (Hong Kong) (NYSE:CHU) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, The Fly reports. The firm currently has $13.20 target price on the Wireless communications provider’s stock, up from their prior target price of $13.00.

CHU has been the subject of several other reports. UBS Group upgraded shares of China Unicom (Hong Kong) from a neutral rating to a buy rating in a report on Monday, June 10th. New Street Research downgraded shares of China Unicom (Hong Kong) from a buy rating to a neutral rating in a report on Monday, August 19th. Zacks Investment Research downgraded shares of China Unicom (Hong Kong) from a hold rating to a sell rating in a report on Wednesday, September 11th. Finally, Credit Suisse Group upgraded shares of China Unicom (Hong Kong) from a neutral rating to an outperform rating in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $12.60.

NYSE CHU opened at $10.43 on Tuesday. The business has a fifty day moving average price of $9.95 and a two-hundred day moving average price of $11.11. The stock has a market capitalization of $31.91 billion, a PE ratio of 20.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.38 and a quick ratio of 0.37. China Unicom has a fifty-two week low of $9.05 and a fifty-two week high of $13.66.

Several large investors have recently made changes to their positions in CHU. Evolution Wealth Advisors LLC acquired a new position in shares of China Unicom (Hong Kong) during the second quarter worth $27,000. Parallel Advisors LLC increased 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 increased 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. Marshall Wace LLP acquired a new position in shares of China Unicom (Hong Kong) during the first quarter worth $156,000. Finally, LPL Financial LLC increased its holdings in shares of China Unicom (Hong Kong) by 26.8% during the second quarter. LPL Financial LLC now owns 15,921 shares of the Wireless communications provider’s stock worth $174,000 after buying an additional 3,369 shares in the last quarter. Institutional investors own 1.04% 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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