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


The leading market experts have placed a mean price target of $13.74 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 $0.38 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 $10.76, and stock is hovering -0.74 or -6.85% distant from $10.76. It is noted that the 200-day MA is $11.52, and China Unicom (Hong Kong) Ltd Co stock is $-1.50 or -13.05% off from this point. China Unicom (Hong Kong) Ltd (NYSE:CHU) 52-week high is $15.87 and the 52-week low is $9.89. This explains if the stock moves $-5.85, it will post a 52-week high. In event of $+1.31% points 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 20.04. The stock last ended the trading session at $10.02 and registered a market cap of $23.99B. 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 21.72.

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