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China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) has been upgraded to Outperform in a statement by Sanford C. Bernstein earlier today.

Sanford C. Bernstein has upgraded China Unicom (Hong Kong) Limited (ADR)(NYSE:CHU) to Outperform in a report released on 8/18/2016.

Only yesterday China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) traded 1.33% lower at $11.77. The company’s 50-day average is $11.14 and its 200-day moving average is $11.34. With the last stock price up 4.31% relative to the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the date range. Volume of trade was was up over the average, with 884,133 shares of CHU changing hands over the typical 289,372 shares..

See Chart Below:

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

China Unicom (Hong Kong) Limited (ADR) has a price-earnings of 38 with a 52 week low of $9.89 and a one-year high of $15.00. China Unicom (Hong Kong) Limited (ADR)’s market capitalization is presently $0.0.

Also covering China Unicom (Hong Kong) Limited (ADR)’s target price, a total of 4 analysts have released a ratings update on the stock. The 12-month target stock price is $15.48 with two firms rating the company a strong buy, 0 rating the stock a buy, two firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokeragesrating the stock as sell.

Brief Synopsis On 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 and other services.

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