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PetroChina Company Limited (NYSE:PTR) shares hit a new 52-week high during trading on Tuesday , Analyst Ratings Network reports. The company traded as high as $126.98 and last traded at $126.51, with a volume of 37,704 shares changing hands. The stock had previously closed at $125.55.

PTR has been the subject of a number of recent research reports. Analysts at Macquarie upgraded shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a research note on Monday, June 23rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PetroChina Company Limited in a research note on Wednesday, April 23rd. They now have a $118.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of PetroChina Company Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. PetroChina Company Limited has a consensus rating of “Buy” and an average target price of $118.00.

The stock’s 50-day moving average is $121.6 and its 200-day moving average is $110.3. The company has a market cap of $228.9 billion and a P/E ratio of 11.21.

PetroChina Company Limited is mainly engaged in the production and sale of oil and gas related products.

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