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China Telecom (NYSE: CHA) was upgraded by research analysts at CIMB to an “outperform” rating in a report released on Wednesday.

China Telecom (NYSE: CHA) traded down 1.36% on Wednesday, hitting $50.63. China Telecom has a 1-year low of $41.63 and a 1-year high of $63.98. The stock’s 50-day moving average is currently $52.43. The company has a market cap of $40.976 billion and a price-to-earnings ratio of 17.11.

Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie upgraded shares of China Telecom from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday.

Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold”.

China Telecom Corporation Limited is an integrated information service provider in the People’s Republic of China.

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