China Unicom (Hong Kong) (CHU) Earns Coverage Optimism Score of

China Unicom (Hong Kong) Ltd (CHU) Shares Bought by Renaissance Technologies LLC

China Unicom (Hong Kong) Ltd (NYSE:CHU) Rating Reiterated by Sanford C. Bernstein

The institutional investor owned 31,772 shares of the Wireless communications provider's stock after buying an additional 2,450 shares during the period. Private Asset Management Inc.'s holdings in China Mobile (Hong Kong) were worth $1,687,000 as of its most recent filing with the SEC.

Several analysts have issued reports on the company. Advisory Services Network LLC bought a new stake in shares of China Mobile (Hong Kong) during the first quarter valued at approximately $364,000. Macquarie began coverage on China Unicom (Hong Kong) in a research report on Thursday, March 23rd. Finally, TD Asset Management Inc. boosted its stake in China Mobile (Hong Kong) by 0.9% in the first quarter. Reilly Financial Advisors LLC now owns 17,771 shares of the Wireless communications provider's stock valued at $981,000 after buying an additional 1,108 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in China Unicom (Hong Kong) during the fourth quarter worth $852,000. Bank of Montreal Can raised its stake in shares of China Mobile (Hong Kong) by 25.3% in the second quarter. NorthCoast Asset Management LLC now owns 86,441 shares of the Wireless communications provider's stock valued at $4,774,000 after buying an additional 51,529 shares during the last quarter. Capital Fund Management S.A. now owns 44,538 shares of the Wireless communications provider's stock valued at $2,460,000 after buying an additional 21,521 shares during the last quarter.

Shares of China Unicom (NYSE CHU) traded down 0.70% during mid-day trading on Tuesday, reaching $14.16. 215,228 shares of the company traded hands. The company has a market capitalization of $210.73 billion, a PE ratio of 13.14 and a beta of 0.30. The firm's 50-day moving average price is $54.48 and its 200 day moving average price is $54.83. China Unicom has a 1-year low of $10.01 and a 1-year high of $15.15.

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A number of brokerages have commented on CHU.

Morgan Stanley lowered shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) from an overweight rating to an underweight rating in a research report report published on Wednesday, July 5th, MarketBeat reports. Finally, Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a "sell" rating to a "hold" rating in a report on Monday, May 29th.

Almost 500 stocks, a lot of them small firms, plunged the 10 percent trading limit, a rare scene this year as the authorities attached great importance to maintaining stability in the stock market. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the a year ago is $60.00.

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company's businesses include mobile businesses, fixed-line businesses, enterprise businesses and global businesses. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.

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