Analyst Revises China Unicom (Hong Kong) Ltd (NYSE:CHU) Stock Target


China Unicom (Hong Kong) Ltd (NYSE:CHU) mean price target has been set at $12.800 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.000 in the near-term quarter and $0.240 for the ongoing fiscal. The market cap of China Unicom (Hong Kong) Ltd Co was recorded at $28.63B after the stock closed at $11.680 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. China Unicom (Hong Kong) Ltd (NYSE:CHU) has a P/E ratio of 24.398. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

China Unicom (Hong Kong) Ltd (NYSE:CHU) PEG ratio sits at 53.090. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of China Unicom (Hong Kong) Ltd Co visibly illustrates that the 50-day MA of China Unicom (Hong Kong) Ltd Co is $10.489, and stock is trading $1.466 points away or +13.972% from its 50-day moving average of $10.489. Further it is trading $0.694 or +6.164% away its 200-day moving average of $11.261. China Unicom (Hong Kong) Ltd (NYSE:CHU) 52-week high is $15.000 and the 52-week low is $9.890. This represents that if the stock moves $-3.045 points up on the chart to it will make a 52-week high. But, if it declines +20.880%, then the shares price can hit a new 52-week low.

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