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China Unicom (NYSE:CHU) has been upgraded from Neutral to Buy in a report by Goldman Sachs today.

Yesterday China Unicom (NYSE:CHU) traded 1.09% higher at $11.92. The company’s 50-day moving average is $11.35 and its 200-day moving average is $11.35. The last stock close price is up 5.84% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 311,490 shares of the stock were exchanged, down from an average trading volume of 343,903

Goldman Sachs has upgraded China Unicom (NYSE:CHU) from Neutral to Buy in a report released on 9/22/2016.

See Chart Below

China Unicom (NYSE:CHU)

China Unicom has a 52 week low of $9.89 and a 52 week high of $15.00 with a P/E ratio of 38.74 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $15.48 with 2 firms rating the stock a strong buy, 0 firms rating the stock 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 (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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