China Telecom Co. Limited Lifted to Neutral at HSBC (CHA)
China Telecom Co. Limited (NYSE:CHA) was upgraded by HSBC from an “underweight” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on CHA. Analysts at JPMorgan Chase & Co. upgraded shares of China Telecom Co. Limited from a “neutral” rating to an “overweight” rating in a research note on Wednesday. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. China Telecom Co. Limited presently has an average rating of “Buy” and a consensus price target of $58.70.
Shares of China Telecom Co. Limited (NYSE:CHA) opened at 57.03 on Thursday. China Telecom Co. Limited has a 1-year low of $40.25 and a 1-year high of $57.37. The stock has a 50-day moving average of $53.94 and a 200-day moving average of $49.03. The company has a market cap of $46.156 billion and a P/E ratio of 15.99.
China Telecom Corporation Limited (NYSE:CHA) is full services integrated information service operator in the People’s Republic of China.