China Unicom +3.3% as $11.7B reform plan gets regulatory OK


China Unicom +3.3% as $11.7B reform plan gets regulatory OK

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE now owns 7,247 shares of the Wireless communications provider's stock worth $108,000 after buying an additional 128 shares in the last quarter. Pekin Singer Strauss Asset Management IL now owns 189,866 shares of the Wireless communications provider's stock worth $9,955,000 after buying an additional 42,889 shares in the last quarter. The firm now has a $17.00 price objective on the Wireless communications provider's stock. Finally, Parametric Portfolio Associates LLC raised its stake in China Unicom (Hong Kong) by 2.5% in the second quarter. JPMorgan Chase & Co. now owns 80,158 shares of the Wireless communications provider's stock valued at $1,080,000 after buying an additional 79,881 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of China Unicom (Hong Kong) by 46.5% in the first quarter. Cubist Systematic Strategies LLC now owns 17,478 shares of the Wireless communications provider's stock worth $261,000 after buying an additional 7,239 shares during the period.

Turning to China Unicom (Hong Kong) Limited (NYSE:CHU), its shares were trading at $15.19 a gain of $0.33, on the trading floor. The stock had a trading volume of 455,698 shares. The stock has a market capitalization of $35.87 billion, a price-to-earnings ratio of 249.67 and a beta of 0.74. Based on a recent bid, the stock is trading -4.15% away from it's 52- week high and 45.02% away from its 52 week low. In terms of moving averages, the 200-day is now at 13.06, the 50-day is 14.68, and the 7-day is resting at 15.27. The legal version of this story can be viewed at https://weekherald.com/2017/08/20/china-unicom-hong-kong-ltd-chu-rating-increased-to-buy-at-zacks-investment-research.html. The ex-dividend date is Tuesday, August 29th. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & global copyright law.

Ltd (NYSE:CHU) was downgraded by J P Morgan Chase & Co from a "neutral" rating to an "underweight" rating in a report issued on Monday.

The Money Flow Indicator for China Unicom Hong Kong Ltd (CHU) has touched above 60 and has found a place on investor's radar as it potentially nears the key 70 mark. Sanford C. Bernstein restated a buy rating on shares of China Unicom (Hong Kong) in a research note on Tuesday, July 11th. Jefferies Group LLC upgraded China Unicom (Hong Kong) from an "underperform" rating to a "buy" rating in a report on Thursday, April 27th. The stock presently has a consensus rating of "Buy" and a consensus price target of $14.25. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).