Rating Alert: China Unicom (NYSE:CHU) Was Downgraded by Nomura to “Neutral”

November 30, 2016 - By Peter Erickson

Rating Alert: China Unicom (NYSE:CHU) Was Downgraded by Nomura to

China Unicom (NYSE:CHU) Downgrade

In a a research report shared with investors and clients on Wednesday morning, equity research analysts at Nomura’s equities research division downgraded China Unicom (NYSE:CHU)‘s stock rating from a”Buy” to “Neutral”.

China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) Ratings Coverage

Out of 7 analysts covering China Unicom (NYSE:CHU), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $18 is the highest target while $15.90 is the lowest. The $15.90 average target is 32.17% above today’s ($12.03) stock price. China Unicom has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by HSBC on Thursday, February 4. The firm has “Mkt Perform” rating given on Friday, October 30 by Bernstein. The firm earned “Buy” rating on Monday, August 24 by Jefferies. The firm has “Buy” rating by Deutsche Bank given on Wednesday, March 30. The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has “Hold” rating given on Monday, July 18 by Jefferies. The rating was upgraded by Bernstein on Thursday, August 18 to “Outperform”. The stock has “Buy” rating given by Jefferies on Friday, October 23. Morgan Stanley upgraded China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) on Wednesday, April 6 to “Overweight” rating. The stock of China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has “Buy” rating given on Wednesday, March 9 by CLSA. The rating was upgraded by Goldman Sachs on Thursday, September 22 to “Buy”.

The stock increased 6.65% or $0.75 during the last trading session, hitting $12.03. About 892,600 shares traded hands or 222.70% up from the average. China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has declined 6.39% since April 27, 2016 and is downtrending. It has underperformed by 11.62% the S&P500.

China Unicom Limited is a Hong Kong investment holding firm principally engaged in the provision of telecommunications services. The company has a market cap of $28.95 billion. The Company’s businesses include mobile businesses, fixed-line businesses, enterprise businesses and international businesses. It has a 50.03 P/E ratio. The Company’s 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.

According to Zacks Investment Research, “China Unicom Limited is engaged in the provision of cellular, paging, long distance, data and internet services in the People’s Repulic of China.”

CHU Company Profile

China Unicom (Hong Kong) Limited, incorporated on February 8, 2000, is an investment holding company. The Firm 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).

More recent China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) news were published by: Marketwatch.com which released: “China Unicom (Hong Kong) Ltd. ADR” on August 28, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Businessfinancenews.com‘s news article titled: “China Mobile Ltd. (ADR) Names Shang Bing New Chairman” with publication date: August 24, 2015 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>