China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) a Buy: Bernstein

In a research note issued to investors, Chris Lane at Bernstein Upgraded on China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) to a Buy. In the past year 1 out of 2 recommendations or 50% were successful.

There are 2 research firms in total that have issued ratings on China Unicom (Hong Kong) Ltd (NYSE:CHU) within the past year. The consensus, or mean target price of the Wall Street analysts covering the firm is $18.9. The most recent revision to the consensus target was on 2015-03-04. Analysts are predicting that China Unicom (Hong Kong) Ltd (NYSE:CHU) will report $N/A earnings per share when they next issue their quarterly earnings release on or around 2015-04-23.

The consensus mean estimate is the calculated mean of all brokerage sell-side analysts that issue earnings estimates for the company. In the most recent quarter the company reported earnings of $0.1 that ended on 2014-12-31. China Unicom (Hong Kong) Ltd (NYSE:CHU) has a 1.67 consensus analyst rating on the stock based on an arithmetical average of the 2 ratings given by the brokerage analysts covering the company. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. The highest estimate of the 2 covering analysts sees the stock climbing to $21.93 within the next year while the lowest estimate places the 12-month target price at $15.87.

Looking ahead to full year estimates, analysts have placed the consensus earnings per share estimate for the current year at $N/A. The most bullish analyst sees the company reporting earnings per share of $N/A while the most bearish analyst is predicting a current year EPS number of $N/A. Looking further ahead to the next three to five years, the long term EPS growth rate on a consensus basis is 18.19%, based on the 3 analysts providing longer term projections in their models.

China Unicom (Hong Kong) Limited is an investment holding company. The Company, along with its subsidiaries, provides cellular and fixed-line voice and related value-added services, broadband and other Internet-related services. It has two business segments. The Mobile Business segment provides global systems for mobile communications (GSM) and wideband code division multiple access (WCDMA) cellular business in 31 provinces, municipalities and autonomous regions in China. The Fixed-line Business segment provides fixed-line telecommunications and related services, domestic and international data and Internet related services, domestic and international long distance and related services in all 31 provinces, municipalities and autonomous regions in China.