China Telecom Receives Consensus Rating of “Buy” from Brokerages (NYSE:CHA)
China Telecom (NYSE:CHA) has received an average rating of “Buy” from the six brokerages that are presently covering the stock, Analyst Ratings News reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $55.30.
China Telecom (NYSE:CHA) traded up 2.17% on Friday, hitting $52.15. 24,173 shares of the company’s stock traded hands. China Telecom has a 1-year low of $40.25 and a 1-year high of $55.19. The stock has a 50-day moving average of $47.89 and a 200-day moving average of $47.91. The company has a market cap of $42.206 billion and a price-to-earnings ratio of 14.58.
Separately, analysts at Zacks downgraded shares of China Telecom from a “neutral” rating to an “underperform” rating in a research note on Thursday. They now have a $50.00 price target on the stock.
China Telecom Corporation Limited is an integrated information service provider in the People’s Republic of China.
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