China Unicom (Hong Kong) (NYSE:CHU) Shares Cross Above Fifty Day Moving Average of $10.79

China Unicom (Hong Kong) Limited (NYSE:CHU)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.79 and traded as high as $11.02. China Unicom (Hong Kong) shares last traded at $10.96, with a volume of 5,427 shares changing hands.

CHU has been the subject of a number of recent analyst reports. UBS Group upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Monday, June 10th. New Street Research upgraded China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Friday, May 3rd. TheStreet upgraded China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a research report on Friday, March 15th. Finally, Zacks Investment Research upgraded China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $12.00.

The company has a quick ratio of 0.34, a current ratio of 0.35 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $10.78. The stock has a market capitalization of $33.84 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 0.31 and a beta of 0.98.

Large investors have recently modified their holdings of the company. Morgan Stanley boosted its stake in shares of China Unicom (Hong Kong) by 9.6% in the third quarter. Morgan Stanley now owns 233,543 shares of the Wireless communications provider’s stock worth $2,731,000 after acquiring an additional 20,505 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in China Unicom (Hong Kong) by 49.1% during the first quarter. Quadrant Capital Group LLC now owns 10,200 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 3,357 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in China Unicom (Hong Kong) by 129.4% during the third quarter. JPMorgan Chase & Co. now owns 106,968 shares of the Wireless communications provider’s stock worth $1,250,000 after buying an additional 60,346 shares during the last quarter. Hsbc Holdings PLC acquired a new position in China Unicom (Hong Kong) during the fourth quarter worth $233,000. Finally, Raymond James & Associates boosted its stake in China Unicom (Hong Kong) by 7.3% during the fourth quarter. Raymond James & Associates now owns 20,768 shares of the Wireless communications provider’s stock worth $221,000 after buying an additional 1,414 shares during the last quarter. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

China Unicom (Hong Kong) Company Profile (NYSE:CHU)

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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