Buzzing Stock: China Unicom (Hong Kong) Ltd (NYSE:CHU)


As per the research groups listed in Thomson Reuters survey, China Unicom (Hong Kong) Ltd (NYSE:CHU), the stock can touch mean price target of $12.800 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.000 per share in looming quarter and $0.220 during current fiscal.

Technical Forecast

While evaluating China Unicom (Hong Kong) Ltd Co on the technical side, it is seen that the firm’s shares price is trading $0.909 points away or +8.357% from its 50-day moving average of $10.876. Further it is trading $0.458 or +4.046% away its 200-day moving average of $11.327. MA here stands for moving average.

China Unicom (Hong Kong) Ltd (NYSE:CHU) stock made a high of $15.000 in last 12-months while the lowest level in same period was $9.890. It entails if stock price makes a movement of over $-3.215, it will make a new 52-week high. In the case of +19.161% decline, it will touch a new 52-week low.

Valuation Level

The valuation of China Unicom (Hong Kong) Ltd Co is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, China Unicom (Hong Kong) Ltd (NYSE:CHU) P/E ratio is 38.016. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for China Unicom (Hong Kong) Ltd Co it stands at 51.770.

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