26 August, 2017
The firm owned 57,000 shares of the Wireless communications provider's stock at the end of the second quarter.
A number of other institutional investors have also added to or reduced their stakes in CHL. The stock is a Buy among 12 brokerage firms polled by Factset Research. The value of the investment in China Unicom (Hong Kong) Ltd went from $36,000 to $36,000 decreasing 0.0% quarter to quarter. Cambiar Investors LLC boosted its position in shares of China Mobile (Hong Kong) by 14.5% in the first quarter. The stock has "Underweight" rating by JP Morgan on Monday, August 21. Eqis Capital Management Inc. raised its stake in shares of China Mobile (Hong Kong) by 34.8% in the first quarter. The fund owned 191,085 shares of the Wireless communications provider's stock after buying an additional 50,033 shares during the period. Finally, Advisory Services Network LLC acquired a new position in China Mobile (Hong Kong) during the first quarter valued at approximately $364,000. The company's institutional ownership is monitored at 1.2 percent.
China Mobile (NYSE:CHL) opened at 55.98 on Friday. This company shares are 7.32% off its target price of $15.98 and the current market capitalization stands at $35.83B.
The market experts are predicting a 52.85% rally, based on the high target price ($22.76) for China Unicom (Hong Kong) Limited shares that is likely to be hit in the 52 weeks.
The business also recently disclosed a special dividend, which will be paid on Tuesday, October 10th. The firm has "Reduce" rating by Nomura given on Thursday, August 24. This represents a yield of 3.73%. The ex-dividend date is Tuesday, August 29th. China Unicom (Hong Kong) does not pay a dividend.
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The Equity Rating of China Unicom (NYSE:CHU) rating was downgraded by research professionals at Nomura from the previous "Neutral" rating to a "Reduce" rating in a note released on Thursday, 24 August.
Yesterday China Unicom (NYSE:CHU) traded -7.32% lower at $16.11. $15.90's average target is 6.78% above currents $14.89 stock price.
China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has risen 26.03% since August 25, 2016 and is uptrending. The Company's businesses include mobile businesses, fixed-line businesses and others. Its direct subsidiaries include TIM Celular S.A., which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and worldwide long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (SCM)) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC-local voices services and SCM services in all Brazilian states and in the Federal District. Voice services include local calls, domestic and worldwide long distance calls, roaming services and voice value-added services.
