China Telecom Corp Ltd (NYSE:CHA) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a buy recommendation and one has assigned a strong 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 $54.00.
A number of research analysts have commented on CHA shares. BidaskClub upgraded China Telecom Corp from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded China Telecom Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th.
Shares of China Telecom Corp (CHA) traded up 1.70% during midday trading on Friday, hitting $48.54. The stock had a trading volume of 24,788 shares. The firm has a 50-day moving average of $47.81 and a 200 day moving average of $48.34. The firm has a market cap of $39.28 billion, a PE ratio of 14.71 and a beta of 0.65. China Telecom Corp has a 12-month low of $45.58 and a 12-month high of $53.87.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Trust Co purchased a new position in shares of China Telecom Corp during the second quarter worth approximately $208,000. Karp Capital Management Corp purchased a new position in shares of China Telecom Corp during the first quarter worth approximately $12,988,000. Bank of Montreal Can raised its position in China Telecom Corp by 1.5% in the first quarter. Bank of Montreal Can now owns 7,545 shares of the utilities provider’s stock valued at $367,000 after buying an additional 108 shares in the last quarter. Credit Suisse AG raised its position in China Telecom Corp by 7.5% in the first quarter. Credit Suisse AG now owns 205,667 shares of the utilities provider’s stock valued at $10,010,000 after buying an additional 14,292 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in China Telecom Corp by 6.6% in the first quarter. Capstone Asset Management Co. now owns 10,305 shares of the utilities provider’s stock valued at $502,000 after buying an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 0.44% of the company’s stock.
About China Telecom Corp
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.
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