China Telecom (NYSE:CHA) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Thursday, 99wallstreet.com reports.
Separately, Zacks Investment Research upgraded shares of China Telecom from a “strong sell” rating to a “hold” rating in a report on Friday, July 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. China Telecom has an average rating of “Hold” and an average price target of $50.00.
Shares of CHA opened at $48.96 on Thursday. China Telecom has a 1-year low of $41.28 and a 1-year high of $51.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.29 and a quick ratio of 0.27.
China Telecom Company Profile
China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. It offers wireline voice services, including local wireline telephone services and long distance wireline services; CDMA mobile voice services, such as local calls, domestic and international long distance calls, intra-provincial roaming, and inter-provincial roaming and international roaming; wireline Internet access services comprising dial-up and broadband services; wireless Internet access services; and wireline, Internet, and mobile value-added services.
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