China Telecom Co. Limited Given Consensus Rating of “Hold” by Brokerages (NYSE:CHA)
China Telecom Co. Limited (NYSE:CHA) has been given an average rating of “Hold” by the eight analysts that are covering the stock, StockRatingsNetwork reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $58.70.
A number of research firms have recently commented on CHA. Analysts at Jefferies Group reiterated a “buy” rating on shares of China Telecom Co. Limited in a research note on Tuesday, August 5th. They now have a $63.20 price target on the stock, up previously from $51.50. 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.
Shares of China Telecom Co. Limited (NYSE:CHA) opened at 56.20 on Tuesday. China Telecom Co. Limited has a 1-year low of $40.25 and a 1-year high of $56.37. The stock’s 50-day moving average is $53.71 and its 200-day moving average is $48.90. The company has a market cap of $45.484 billion and a P/E ratio of 16.06.
China Telecom Corporation Limited (NYSE:CHA) is full services integrated information service operator in the People’s Republic of China.
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