China Telecom Co. Limited Upgraded to “Buy” at Mizuho (CHA)
China Telecom Co. Limited (NYSE:CHA) was upgraded by investment analysts at Mizuho from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Shares of China Telecom Co. Limited (NYSE:CHA) traded up 4.58% on Thursday, hitting $59.64. 17,693 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 $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 $48.268 billion and a P/E ratio of 16.29.
Several other analysts have also recently commented on the stock. Analysts at HSBC upgraded shares of China Telecom Co. Limited from an “underweight” rating to a “neutral” rating in a research note on Thursday. Separately, 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. Finally, 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $58.70.
China Telecom Corporation Limited (NYSE:CHA) is full services integrated information service operator in the People’s Republic of China.
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