China Unicom (Hong Kong) Ltd (CHU) Downgraded by JP Morgan Chase & Co


The last stock close price is down 1.23% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. For the week, the stock is performing 1.40%.

China Securities Regulatory Commission (CSRC) said on Sunday night it approved the non-public offering of shares in China Unicom's mixed-ownership reform plan and would handle it as a special case, according to a report by China Securities Journal. Based on a recent bid, the stock is trading -4.15% away from it's 52- week high and 45.02% away from its 52 week low. Institutional investors and hedge funds own 1.21% of the company's stock. Finally, Capstone Asset Management Co. increased its stake in China Unicom (Hong Kong) by 0.3% in the first quarter. China Unicom offers both fixed and mobile telecom services for customers via an extensive last mile, long haul and global network. CHL's 50-day average is $53.58 and its 200-day moving average is $54.69. The stock presently has a consensus rating of "Buy" and a consensus price target of $14.25. Bank of Montreal Can now owns 230,423 shares of the Wireless communications provider's stock worth $12,233,000 after buying an additional 46,551 shares in the last quarter.

Merrimack Pharmaceuticals, Inc. (MACK) failed to surprise the stock market in its last reported earnings when it earned -$0.46 a piece versus the consensus-estimated -$0.14. Trexquant Investment LP acquired a new stake in China Unicom (Hong Kong) during the first quarter worth $211,000.

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The counter witnessed a trading volume of 0.85 million shares versus an average volume of 0.42 million shares during last trading session. Royal Bank of Canada raised its stake in China Unicom (Hong Kong) by 8.4% in the second quarter. Citigroup Inc. boosted its stake in China Unicom (Hong Kong) by 739.6% in the second quarter. If you are viewing this story on another publication, it was illegally copied and republished in violation of USA & global copyright & trademark law. Parametric Portfolio Associates LLC now owns 195,942 shares of the Wireless communications provider's stock worth $2,931,000 after buying an additional 4,773 shares during the period.

Other investors include e-commerce company, state-owned China Life Insurance, and Suning Commerce Group, whose parent owns the AC Milan football club. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.