Favorable Media Coverage Extremely Likely to Affect China Unicom (Hong Kong) (CHU) Share Price

News coverage about China Unicom (Hong Kong) (NYSE:CHU) has trended positive on Thursday, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. China Unicom (Hong Kong) earned a daily sentiment score of 2.44 on their scale. InfoTrie also gave news coverage about the Wireless communications provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.

CHU traded down $0.01 during trading hours on Thursday, hitting $11.00. The company’s stock had a trading volume of 284,200 shares, compared to its average volume of 350,588. China Unicom has a fifty-two week low of $10.33 and a fifty-two week high of $15.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $33.57 billion, a P/E ratio of 100.00 and a beta of 0.98.

A number of analysts have recently weighed in on CHU shares. UBS Group cut China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. Zacks Investment Research cut China Unicom (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. TheStreet upgraded China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a research report on Tuesday, August 21st. Finally, Credit Suisse Group cut China Unicom (Hong Kong) from an “outperform” rating to a “neutral” rating in a research report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.00.

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About China Unicom (Hong Kong)

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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