China Unicom Ltd. (CHU) Downgraded to “Neutral” at Nomura
Other analysts have also issued reports about the company. Sanford C. Bernstein raised China Unicom from a market perform rating to an outperform rating in a research note on Thursday, August 18th. Deutsche Bank AG lowered China Unicom from a buy rating to a hold rating in a research note on Monday, October 24th. Finally, Goldman Sachs Group Inc. raised China Unicom from a neutral rating to a buy rating and set a $12.50 price objective on the stock in a research note on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $12.25.
China Unicom (NYSE:CHU) opened at 12.03 on Wednesday. China Unicom has a 52-week low of $9.89 and a 52-week high of $13.26. The firm has a market capitalization of $28.81 billion, a price-to-earnings ratio of 50.12 and a beta of 0.73. The stock’s 50 day moving average price is $11.73 and its 200 day moving average price is $11.19.
ILLEGAL ACTIVITY WARNING: This report was originally posted by Financial Market News and is the sole property of of Financial Market News. If you are reading this report on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at http://www.financial-market-news.com/china-unicom-ltd-chu-downgraded-to-neutral-at-nomura/1212601/.
Institutional investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new position in China Unicom during the second quarter valued at approximately $125,000. Ronald Blue & Co. LLC bought a new position in shares of China Unicom during the third quarter worth about $133,000. M&T Bank Corp bought a new position in shares of China Unicom during the third quarter worth about $136,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of China Unicom during the second quarter worth about $141,000. Finally, Pacad Investment Ltd. bought a new position in shares of China Unicom during the second quarter worth about $148,000. Hedge funds and other institutional investors own 0.94% of the company’s stock.
About China Unicom
China Unicom (Hong Kong) Limited is an investment holding company. The Company is an integrated telecommunications operator. The principal activities of the Company’s subsidiaries are the provision of cellular and fixed-line voice and related services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the People’s Republic of China (PRC).
Receive News & Ratings for China Unicom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Unicom Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.