China Telecom Downgraded to Neutral at Goldman Sachs (CHA)
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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. China Telecom currently has a consensus rating of “Hold” and an average target price of $55.30.
Shares of China Telecom (NYSE:CHA) opened at 52.38 on Monday. 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 $48.09 and a 200-day moving average of $47.91. The company has a market cap of $42.392 billion and a P/E ratio of 14.58.
China Telecom Corporation Limited is an integrated information service provider in the People’s Republic of China.
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