Stock To Watch: China Unicom (Hong Kong) Ltd (NYSE:CHU)


The leading market experts have placed a mean price target of $12.44 on China Unicom (Hong Kong) Ltd (NYSE:CHU) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.00 a share for the upcoming quarter and $0.20 for the current fiscal.

Technical View

The technical analysis of China Unicom (Hong Kong) Ltd Co plainly substantiates that the 50-day moving average of China Unicom (Hong Kong) Ltd Co is $10.38, and stock is trading $0.20 points away or +1.95% from its 50-day moving average of $10.38. Further it is trading $-0.68 or -6.06% away its 200-day moving average of $11.26. China Unicom (Hong Kong) Ltd (NYSE:CHU) 52-week high is $15.00 and the 52-week low is $9.89.

This explains if the stock moves $-4.42, it will post a 52-week high. In event of +6.98% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of China Unicom (Hong Kong) Ltd Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, China Unicom (Hong Kong) Ltd (NYSE:CHU) ratio came in at 21.59.

The stock last ended the trading session at $10.58 and registered a market cap of $25.34B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. China Unicom (Hong Kong) Ltd (NYSE:CHU) PEG ratio is at 40.08.

1 Chart Pattern Every Investor Should Know

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