Why China Unicom (Hong Kong) Ltd (NYSE:CHU) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $12.800 on China Unicom (Hong Kong) Ltd (NYSE:CHU) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.220 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of China Unicom (Hong Kong) Ltd (NYSE:CHU) stands at 36.952.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For China Unicom (Hong Kong) Ltd Co, the PEG ratio for coming 3-5 years is 52.590.

Technical Analysis

The technical analysis highlights that China Unicom (Hong Kong) Ltd Co current is trading $0.735 points away or +6.856% from its 50-day moving average of $10.720. Further it is trading $0.156 or +1.382% away its 200-day moving average of $11.299.

The 52-week high of China Unicom (Hong Kong) Ltd (NYSE:CHU) was $15.000 while lowest point recorded in 52-week was $9.890. It implies if stock price makes a movement of over $-3.545, it will record a new 52-week high. In the case of +15.824% drop, it will touch a new 52-week low.

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