Brokers Issue Forecasts for China Telecom Co. Limited’s FY2022 Earnings (CHA)

China Telecom Co. Limited (NYSE:CHA) – Analysts at Jefferies Group issued their FY2022 EPS estimates for China Telecom in a report released on Tuesday. Jefferies Group analyst E. Lee forecasts that the utilities provider will post earnings of $4.77 per share for the year.

Separately, Zacks Investment Research cut shares of China Telecom from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. China Telecom has a consensus rating of “Buy” and a consensus target price of $55.00.

China Telecom (NYSE:CHA) traded up $0.24 during mid-day trading on Thursday, reaching $48.34. 319,503 shares of the company’s stock were exchanged, compared to its average volume of 141,900. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.03. China Telecom has a fifty-two week low of $45.90 and a fifty-two week high of $53.78.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC grew its holdings in shares of China Telecom by 25.5% in the third quarter. Aperio Group LLC now owns 420,486 shares of the utilities provider’s stock worth $21,495,000 after purchasing an additional 85,566 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of China Telecom by 11.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 258,261 shares of the utilities provider’s stock worth $12,378,000 after purchasing an additional 26,872 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of China Telecom by 475.0% in the second quarter. Tudor Investment Corp ET AL now owns 115,000 shares of the utilities provider’s stock worth $5,512,000 after purchasing an additional 95,000 shares during the last quarter. First Trust Advisors LP lifted its stake in China Telecom by 17.0% in the third quarter. First Trust Advisors LP now owns 42,329 shares of the utilities provider’s stock worth $2,164,000 after acquiring an additional 6,135 shares during the period. Finally, OxFORD Asset Management LLP lifted its stake in China Telecom by 374.8% in the third quarter. OxFORD Asset Management LLP now owns 38,788 shares of the utilities provider’s stock worth $1,987,000 after acquiring an additional 30,618 shares during the period. Hedge funds and other institutional investors own 0.42% of the company’s stock.

WARNING: “Brokers Issue Forecasts for China Telecom Co. Limited’s FY2022 Earnings (CHA)” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/05/brokers-issue-forecasts-for-china-telecom-co-limiteds-fy2022-earnings-cha.html.

About China Telecom

China Telecom Corporation Limited is an investment holding company principally engaged in telecommunications and related businesses. The Company provides integrated information services, including wireline and mobile telecommunications services, Internet access services, information services and other value-added telecommunications services.

Earnings History and Estimates for China Telecom (NYSE:CHA)

Receive News & Ratings for China Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Telecom and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply