China Unicom (Hong Kong) Ltd (CHU) Receives Price Target

China Unicom (Hong Kong) Ltd (CHU) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $12. The average forecast of all the analysts is $12.06 and the expected standard deviation is $0.65.

China Unicom (Hong Kong) Ltd (CHU) has an average broker rating of 2, which is interpreted as a Buy, as rated by 2 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, Equity analysts at the Brokerage firm Bernstein upgrades its rating on China Unicom (Hong Kong) Ltd (NYSE:CHU). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on August 18, 2016.

China Unicom (Hong Kong) Ltd (NYSE:CHU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.42 and $11.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.39, notching a gain of 1.33% for the day. The total traded volume was 157,221 . The stock had closed at $11.24 on the previous day.

China Unicom (Hong Kong) Limited is an investment holding company, which provides telecommunications services. The Companys subsidiaries principal activities are the provision of cellular and fixed-line voice and services, broadband and other Internet-related services, information communications technology services, and business and data communications services in the PRC. It provides a range of telecommunications services in China, including mobile broadband, fixedline broadband, global system for mobile communications (GSM), fixed-line local access, information and communications technology (ICT), data communications and other related services. The Companys subsidiaries include China United Network Communications Corporation Limited, China Unicom (Japan) Operations Corporation, and China Unicom (Singapore) Operations Pte Limited, among others.

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