China Telecom (NYSE:CHA) was upgraded by equities research analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Sunday, The Fly reports.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised China Telecom from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. New Street Research cut China Telecom from a “neutral” rating to a “reduce” rating in a research report on Monday, February 11th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. China Telecom has an average rating of “Hold” and a consensus price target of $62.00.
Shares of NYSE CHA traded up $0.21 during trading on Friday, reaching $53.90. 53,390 shares of the stock traded hands, compared to its average volume of 28,668. China Telecom has a 52-week low of $44.20 and a 52-week high of $57.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.28 and a quick ratio of 0.26. The stock has a market capitalization of $43.62 billion, a PE ratio of 14.15, a P/E/G ratio of 1.58 and a beta of 0.82.
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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