A number of other research analysts also recently weighed in on CHA. UBS Group raised China Telecom from a neutral rating to a buy rating in a research note on Thursday, September 26th. Zacks Investment Research raised China Telecom from a strong sell rating to a hold rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $57.95.
Shares of CHA stock traded up $0.29 during trading on Wednesday, reaching $45.74. The company had a trading volume of 948 shares, compared to its average volume of 42,609. The firm’s 50 day simple moving average is $45.78 and its two-hundred day simple moving average is $48.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.30 and a quick ratio of 0.29. China Telecom has a one year low of $42.34 and a one year high of $57.09. The company has a market capitalization of $37.50 billion, a PE ratio of 11.98, a PEG ratio of 1.40 and a beta of 0.75.
Several hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in shares of China Telecom by 51.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,070 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 365 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of China Telecom by 400.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 626 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 501 shares in the last quarter. Northern Trust Corp raised its stake in shares of China Telecom by 1.1% in the 2nd quarter. Northern Trust Corp now owns 48,561 shares of the utilities provider’s stock valued at $2,429,000 after acquiring an additional 508 shares in the last quarter. Nkcfo LLC bought a new position in shares of China Telecom in the 2nd quarter valued at approximately $30,000. Finally, Greenleaf Trust raised its stake in shares of China Telecom by 6.1% in the 2nd quarter. Greenleaf Trust now owns 10,881 shares of the utilities provider’s stock valued at $544,000 after acquiring an additional 623 shares in the last quarter. 0.48% of the stock is currently owned by institutional investors and hedge funds.
About China Telecom
China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. It offers wireline voice services, including local wireline telephone services and long distance wireline services; CDMA mobile voice services, such as local calls, domestic and international long distance calls, intra-provincial roaming, and inter-provincial roaming and international roaming; wireline Internet access services comprising dial-up and broadband services; wireless Internet access services; and wireline, Internet, and mobile value-added services.
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