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 $13.7400 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 $0.0000 in the near-term quarter and $0.4200 for the ongoing fiscal. The market cap of China Unicom (Hong Kong) Ltd Co was recorded at $24.84B after the stock closed at $10.3711 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 21.1655. 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 20.6800. 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 $10.5832, and stock is trading -0.2121 or -2.0041% distant from $10.5832. The 200-day MA is $11.4449, and this price is $-1.0738 or -9.3823% off from current level. China Unicom (Hong Kong) Ltd (NYSE:CHU) 52-week high is $15.0100 and the 52-week low is $9.8900. This represents that if the stock moves $-4.6389 points up on the chart to make a 52-week high. But, if it declines $+4.8645%, then the shares price can hit a new 52-week low.

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