China Telecom Co. Limited (NYSE:CHA) – Equities researchers at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for China Telecom in a research note issued to investors on Tuesday. Jefferies Group analyst E. Lee forecasts that the utilities provider will earn $3.54 per share for the year. Jefferies Group also issued estimates for China Telecom’s FY2018 earnings at $3.38 EPS, FY2019 earnings at $4.00 EPS, FY2020 earnings at $2.77 EPS and FY2021 earnings at $3.23 EPS.

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

China Telecom (CHA) opened at $48.10 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.25 and a quick ratio of 0.24. China Telecom has a 52 week low of $45.90 and a 52 week high of $53.78.

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of China Telecom by 93.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,211 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 1,068 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in China Telecom by 22.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,390 shares of the utilities provider’s stock valued at $163,000 after purchasing an additional 630 shares during the period. FDx Advisors Inc. acquired a new stake in China Telecom in the third quarter valued at about $243,000. Marshall Wace North America L.P. acquired a new stake in China Telecom in the second quarter valued at about $269,000. Finally, Macquarie Group Ltd. acquired a new stake in China Telecom in the second quarter valued at about $413,000. 0.42% of the stock is currently owned by institutional investors.

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China Telecom Company Profile

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)

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