The Company also provides customer services, including phone bill enquiry, among others. World Asset Management Inc's holdings in China Mobile (Hong Kong) were worth $16,848,000 at the end of the most recent reporting period.
China Literature, the online bookshop controlled by China's social media giant Tencent, has filed for an initial share listing in Hong Kong. Wells Fargo & Company MN lifted its holdings in China Unicom (Hong Kong) by 23.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 967,317 shares of the Wireless communications provider's stock valued at $14,471,000 after purchasing an additional 143,609 shares during the period. Signaturefd LLC raised its stake in shares of China Mobile (Hong Kong) by 1,873.5% in the second quarter. Finally, Bank of Montreal Can raised its position in China Unicom (Hong Kong) by 248.2% in the second quarter.
ILLEGAL ACTIVITY NOTICE: This piece was published by Week Herald and is owned by of Week Herald. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & worldwide copyright & trademark law. The correct version of this article can be accessed at https://www.truebluetribune.com/2017/10/21/china-unicom-hong-kong-ltd-chu-shares-sold-by-jpmorgan-chase-co.html. Finally, Zacks Investment Research raised China Unicom (Hong Kong) from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a report on Friday, August 18th. Tower Research Capital LLC TRC raised its stake in shares of China Mobile (Hong Kong) by 14.0% in the second quarter.
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01/19/2016 - China Mobile (Hong Kong) Ltd. was upgraded to "buy" by analysts at Deutsche Bank. J P Morgan Chase & Co cut China Unicom (Hong Kong) from a "neutral" rating to an "underweight" rating in a research note on Monday, August 21st. Bank of Montreal Can boosted its position in China Mobile (Hong Kong) by 25.3% in the 2nd quarter. The stock presently has an average rating of "Hold" and an average price target of $16.00. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. The company now has a consensus rating of "Hold" and an average target price of $16.00.
China Unicom (NYSE:CHU) traded down 0.69% during mid-day trading on Thursday, reaching $14.35. The stock has a market capitalization of $34.36 billion, a price-to-earnings ratio of 143.50 and a beta of 0.71. The stock is trading at $14.35 slightly over the 50 day moving average which is $14.28 and which is just a bit higher than the 200 day moving average of $14.26. China Unicom has a 52 week low of $10.84 and a 52 week high of $16.55.
The company is roughly equivalent to Amazon's Kindle Store business model, and competes against other online bookstores in China operated by Alibaba and Baidu.
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