China Telecom Co. Limited Sets New 1-Year High at $66.59 (CHA)
China Telecom Co. Limited (NYSE:CHA) shares reached a new 52-week high on Thursday , StockRatingsNetwork reports. The stock traded as high as $66.59 and last traded at $66.56, with a volume of 57,867 shares. The stock had previously closed at $64.05.
A number of analysts have recently weighed in on CHA shares. Analysts at Mizuho upgraded shares of China Telecom Co. Limited from a “neutral” rating to a “buy” rating in a research note on Thursday, August 28th. 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, August 28th. 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, August 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. China Telecom Co. Limited currently has a consensus rating of “Buy” and a consensus price target of $58.70.
The stock’s 50-day moving average is $55.36 and its 200-day moving average is $49.50. The company has a market cap of $53.666 billion and a P/E ratio of 16.86.
China Telecom Corporation Limited (NYSE:CHA) is full services integrated information service operator in the People’s Republic of China.
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