China Telecom Co. Ltd. (NYSE:CHA) Rated as ‘Buy’ by Six Analysts

Published Date : Nov 18, 2015

Six research analysts recently gave China Telecom Co. Ltd. an average rating of ‘Buy’. Three analysts rated the stock of China Telecom Co. Ltd. with ‘buy’ recommendations while remaining three rated them with ‘hold’ recommendations. Last year, the average price target for 12 months among the brokers that have been issued ratings on the stock is around $71.00. Recently, reports were issued on CHA by several brokers. Credit Suisse rated the stocks of China Telecom Co. Ltd as ‘outperform’ while Citigroup Inc. raised their ratings for the company from ‘sell’ to ‘neutral’. Jefferies Group lowered their price target on China Telecom’s shares from $77.50 to $71.00 and rated them with a ‘buy’ tag in a research report. 

Zacks lifted their ratings on China Telecom Co. Ltd from ‘sell’ to ‘hold’ while Sanford C. Bernstein lowered their shares on China Telecom Co. Ltd from a rating of ‘outperform’ to ‘market perform’. China Telecom Co. Ltd. holds a 50-day moving average price of $51.46 and 200-day moving average price of $57.32. Recently China Telecom Co. Ltd. registered a 52 week low of $46.51 and 52 week high of $78.28. China Telecom marked a market capitalization of $41.32 bn and a price-to-earning ratio of 15.02.

China Telecom Corporation Limited is a wireless telecommunication, broadband internet, and CDMA mobile network service provider operating in the People’s Republic of China (NYSE: CHA). The basic principal of business for China Telecom is to provide basic communication services along with value added services such as internet access services, wireless telecommunication services, and integrated information services to the customers. China Telecom Co. Ltd. offers international telecommunication and wireless services, international access to the internet, and internet data center services across Europe, South America, North America, and Asia Pacific regions. Customer-end gear, sales, maintenance, and repairs are some of other telecommunication services offered by China Telecom Co. Ltd.