China Unicom (Hong Kong) Limited (NYSE:CHU) Given Consensus Recommendation of “Buy” by Brokerages

China Unicom (Hong Kong) Limited (NYSE:CHU) has been assigned an average recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

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

Shares of NYSE CHU traded down $0.24 during mid-day trading on Tuesday, reaching $10.61. 426,093 shares of the company’s stock were exchanged, compared to its average volume of 321,940. The stock has a market cap of $32.46 billion, a PE ratio of 21.22, a P/E/G ratio of 0.30 and a beta of 0.98. The company has a current ratio of 0.35, a quick ratio of 0.34 and a debt-to-equity ratio of 0.01. China Unicom has a 52-week low of $10.33 and a 52-week high of $13.66.

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

A number of institutional investors have recently made changes to their positions in CHU. BlackRock Inc. raised its position in China Unicom (Hong Kong) by 659.7% in the 1st quarter. BlackRock Inc. now owns 1,943,760 shares of the Wireless communications provider’s stock valued at $24,879,000 after purchasing an additional 1,687,909 shares in the last quarter. Wells Fargo & Company MN raised its position in China Unicom (Hong Kong) by 7,642.9% in the 1st quarter. Wells Fargo & Company MN now owns 700,269 shares of the Wireless communications provider’s stock valued at $8,963,000 after purchasing an additional 691,225 shares in the last quarter. Renaissance Technologies LLC raised its position in China Unicom (Hong Kong) by 27.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,128,456 shares of the Wireless communications provider’s stock valued at $40,044,000 after purchasing an additional 669,650 shares in the last quarter. Morgan Stanley raised its position in China Unicom (Hong Kong) by 47.1% in the 1st quarter. Morgan Stanley now owns 1,853,485 shares of the Wireless communications provider’s stock valued at $23,724,000 after purchasing an additional 593,206 shares in the last quarter. Finally, Renaissance Group LLC raised its position in China Unicom (Hong Kong) by 35.7% in the 1st quarter. Renaissance Group LLC now owns 1,339,446 shares of the Wireless communications provider’s stock valued at $17,145,000 after purchasing an additional 352,031 shares in the last quarter. Institutional investors own 1.06% of the company’s stock.

China Unicom (Hong Kong) Company Profile

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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