China Telecom Co. Limited Upgraded to “Overweight” at JPMorgan Chase & Co. (CHA)
China Telecom Co. Limited (NYSE:CHA) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.70.
Shares of China Telecom Co. Limited (NYSE:CHA) traded up 1.89% during mid-day trading on Wednesday, hitting $57.03. 58,075 shares of the company’s stock traded hands. China Telecom Co. Limited has a 52 week low of $40.25 and a 52 week high of $56.37. The stock’s 50-day moving average is $53.86 and its 200-day moving average is $48.97. The company has a market cap of $46.156 billion and a price-to-earnings ratio of 15.99.
China Telecom Corporation Limited (NYSE:CHA) is full services integrated information service operator in the People’s Republic of China.
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