China Unicom (Hong Kong) Limited (NYSE:CHU) – Jefferies Financial Group lifted their FY2021 EPS estimates for China Unicom (Hong Kong) in a research report issued on Wednesday, March 13th. Jefferies Financial Group analyst E. Lee now anticipates that the Wireless communications provider will earn $1.66 per share for the year, up from their previous forecast of $1.65. Jefferies Financial Group also issued estimates for China Unicom (Hong Kong)’s FY2023 earnings at $2.18 EPS.

Several other research firms have also recently weighed in on CHU. Zacks Investment Research raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, January 23rd. New Street Research cut shares of China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. Mizuho raised shares of China Unicom (Hong Kong) from an “underperform” rating to a “neutral” rating in a report on Monday, November 19th. Bank of America raised shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a report on Tuesday, January 22nd. Finally, ValuEngine raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $12.00.

Shares of CHU stock opened at $12.65 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $37.82 billion, a PE ratio of 115.00, a PEG ratio of 0.33 and a beta of 0.97. China Unicom has a 52-week low of $10.33 and a 52-week high of $14.42.

A number of institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its holdings in shares of China Unicom (Hong Kong) by 7.6% during the third quarter. Russell Investments Group Ltd. now owns 298,690 shares of the Wireless communications provider’s stock worth $3,492,000 after purchasing an additional 21,114 shares during the period. Comerica Bank increased its holdings in shares of China Unicom (Hong Kong) by 6.3% during the third quarter. Comerica Bank now owns 178,079 shares of the Wireless communications provider’s stock worth $2,002,000 after purchasing an additional 10,601 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of China Unicom (Hong Kong) by 129.4% during the third quarter. JPMorgan Chase & Co. now owns 106,968 shares of the Wireless communications provider’s stock worth $1,250,000 after purchasing an additional 60,346 shares during the period. Trexquant Investment LP bought a new position in shares of China Unicom (Hong Kong) during the third quarter worth approximately $171,000. Finally, Credit Suisse AG increased its holdings in shares of China Unicom (Hong Kong) by 10.3% during the third quarter. Credit Suisse AG now owns 372,224 shares of the Wireless communications provider’s stock worth $4,352,000 after purchasing an additional 34,805 shares during the period. 0.97% of the stock is currently owned by hedge funds and other institutional investors.

China Unicom (Hong Kong) Company Profile

China Unicom Hong Kong Limited, an integrated telecommunications operator, provides telecommunications services and telecommunications products worldwide. It offers mobile voice services that enable its subscribers to make and receive phone calls comprising local calls, domestic and international long-distance calls, intra-provincial roaming, inter-provincial roaming, and international roaming; and mobile data, mobile reading, mobile music, WO app store, SMS, personalized ring-back tone, and other wireless information services.

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Earnings History and Estimates for China Unicom (Hong Kong) (NYSE:CHU)

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