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China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has been upgraded to Conviction-Buy in a statement by Goldman Sachs Group Inc. earlier today.

Goldman Sachs Group Inc. has upgraded China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) to Conviction-Buy in a statement released on 9/22/2016.

Having a price of $11.88, China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) traded -0.25% lower on the day. With the last close up 7.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. China Unicom (Hong Kong) Limited (ADR) has recorded a 50-day average of $11.45 and a two hundred day average of $11.36. Volume of trade was up over the average, with 844,880 shares of CHU changing hands over the typical 376,366

Recent Performance Chart

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

China Unicom (Hong Kong) Limited (ADR) has 52 week low of $9.89 and a 52 week high of $15.00 with a PE ratio of 39.35 and has a market capitalization of $0.

In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 4 brokers have issued a research note on China Unicom (Hong Kong) Limited (ADR). The 12-month price target is $15.48 with two brokerages rating the company a strong buy, zero brokerages rating the company a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU)

China Unicom (Hong Kong) Limited is an investment holding company. The Company 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). The Company's mobile services consist of global system for mobile communications (GSM), third generation (3G) and fourth generation (4G) services. The Company's mobile services primarily consist of mobile voice services and mobile non-voice services. The Company offers a range of fixed-line services nationwide in China, including fixed-line broadband services and data communications services; fixed-line voice services, including local and long-distance fixed-line voice services and value-added services, and other services.

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