China Telecom Corp Ltd (CHA) Receives Average Rating of “Buy” from Analysts

Shares of China Telecom Corp Ltd (NYSE:CHA) have been given an average rating of “Buy” by the seven research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $54.00.

CHA has been the topic of a number of analyst reports. Zacks Investment Research upgraded China Telecom Corp from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. BidaskClub downgraded China Telecom Corp from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd.

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Several hedge funds and other institutional investors have recently made changes to their positions in CHA. World Asset Management Inc increased its position in shares of China Telecom Corp by 1.0% in the first quarter. World Asset Management Inc now owns 8,644 shares of the utilities provider’s stock worth $421,000 after buying an additional 83 shares in the last quarter. Comerica Bank increased its position in shares of China Telecom Corp by 1.3% in the first quarter. Comerica Bank now owns 7,956 shares of the utilities provider’s stock worth $392,000 after buying an additional 104 shares in the last quarter. Bank of Montreal Can increased its position in shares of China Telecom Corp by 1.5% in the first quarter. Bank of Montreal Can now owns 7,545 shares of the utilities provider’s stock worth $367,000 after buying an additional 108 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of China Telecom Corp by 4.5% in the first quarter. Wells Fargo & Company MN now owns 8,040 shares of the utilities provider’s stock worth $391,000 after buying an additional 349 shares in the last quarter. Finally, State Street Corp increased its position in shares of China Telecom Corp by 2.2% in the second quarter. State Street Corp now owns 17,134 shares of the utilities provider’s stock worth $822,000 after buying an additional 365 shares in the last quarter. 0.41% of the stock is currently owned by institutional investors.

China Telecom Corp (NYSE:CHA) opened at 48.21 on Tuesday. China Telecom Corp has a 1-year low of $45.58 and a 1-year high of $53.61. The firm has a 50-day moving average price of $47.73 and a 200 day moving average price of $48.35. The firm has a market cap of $39.02 billion, a price-to-earnings ratio of 14.61 and a beta of 0.65.

China Telecom Corp Company Profile

China Telecom Corporation Limited is an investment holding company principally engaged in telecommunications and related businesses. The Company provides integrated information services, including wireline and mobile telecommunications services, Internet access services, information services and other value-added telecommunications services.

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