China Telecom Co. Limited (CHA) Receives Consensus Recommendation of “Hold” from Analysts
Shares of China Telecom Co. Limited (NYSE:CHA) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.
Several research firms have issued reports on CHA. CLSA downgraded China Telecom from an “outperform” rating to an “underperform” rating in a report on Monday, October 29th. UBS Group downgraded China Telecom from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Zacks Investment Research downgraded China Telecom from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 22nd. Finally, Credit Suisse Group downgraded China Telecom from an “outperform” rating to a “neutral” rating in a report on Friday, October 26th.
Shares of NYSE:CHA traded up $1.79 during mid-day trading on Monday, hitting $52.58. 2,203 shares of the company traded hands, compared to its average volume of 63,922. The company has a market cap of $39.13 billion, a P/E ratio of 15.45, a PEG ratio of 1.92 and a beta of 0.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.27 and a current ratio of 0.29. China Telecom has a 52-week low of $41.28 and a 52-week high of $51.49.
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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