China Unicom (Hong Kong) (NYSE:CHU) Receiving Somewhat Favorable News Coverage, Accern Reports

News articles about China Unicom (Hong Kong) (NYSE:CHU) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. China Unicom (Hong Kong) earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the Wireless communications provider an impact score of 45.8497555909066 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Shares of China Unicom (NYSE:CHU) traded up 2.22% on Friday, reaching $15.19. 850,854 shares of the company’s stock traded hands. The firm has a market capitalization of $36.38 billion, a P/E ratio of 151.90 and a beta of 0.74. The company’s 50-day moving average is $14.64 and its 200-day moving average is $13.65. China Unicom has a 52 week low of $10.84 and a 52 week high of $16.40.

CHU has been the topic of several analyst reports. Zacks Investment Research raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, July 26th. Sanford C. Bernstein reissued a “buy” rating on shares of China Unicom (Hong Kong) in a report on Tuesday, July 11th. Jefferies Group LLC raised shares of China Unicom (Hong Kong) from an “underperform” rating to a “buy” rating in a report on Thursday, April 27th. Finally, BidaskClub raised shares of China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $14.75.

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China Unicom (Hong Kong) Company Profile

China Unicom (Hong Kong) Limited is a Hong Kong-based investment holding company principally engaged in the provision of telecommunications services. The Company’s businesses include mobile businesses, fixed-line businesses and others. 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.

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