China Telecom Co. Limited Receives Consensus Rating of “Buy” from Analysts (NYSE:CHA)
China Telecom Co. Limited (NYSE:CHA) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the company, Stock Ratings Network reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $58.70.
A number of research firms have recently commented on CHA. Analysts at Mizuho upgraded shares of China Telecom Co. Limited from a “neutral” rating to a “buy” rating in a research note on Thursday. Separately, analysts at HSBC upgraded shares of China Telecom Co. Limited from an “underweight” rating to a “neutral” rating in a research note on Thursday. Finally, 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.
China Telecom Co. Limited (NYSE:CHA) opened at 61.51 on Tuesday. China Telecom Co. Limited has a one year low of $40.25 and a one year high of $61.62. The stock has a 50-day moving average of $54.60 and a 200-day moving average of $49.22. The company has a market cap of $49.781 billion and a price-to-earnings ratio of 15.72.
China Telecom Corporation Limited (NYSE:CHA) is full services integrated information service operator in the People’s Republic of China.
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