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China Telecom Co. Limited (NYSE:CHA) shares reached a new 52-week high during trading on Tuesday , American Banking and Market News reports. The company traded as high as $56.30 and last traded at $56.25, with a volume of 28,406 shares. The stock had previously closed at $55.15.

CHA has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of China Telecom Co. Limited from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $54.20 price target on the stock. Separately, analysts at HSBC downgraded shares of China Telecom Co. Limited from an “overweight” rating to an “underweight” rating in a research note on Friday, May 23rd. Finally, analysts at Goldman Sachs downgraded shares of China Telecom Co. Limited from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.40.

The stock’s 50-day moving average is $51.03 and its 200-day moving average is $47.79. The company has a market cap of $45.354 billion and a price-to-earnings ratio of 15.76.

China Telecom Corporation Limited (NYSE:CHA) is full services integrated information service operator in the People’s Republic of China.

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