Credit Suisse Group downgraded shares of China Telecom (NYSE:CHA) from an outperform rating to a neutral rating in a research note released on Friday, Marketbeat reports.
A number of other research analysts have also recently issued reports on CHA. Zacks Investment Research upgraded shares of China Telecom from a strong sell rating to a hold rating in a report on Friday, July 6th. UBS Group cut shares of China Telecom from a buy rating to a neutral rating in a report on Thursday, October 18th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $50.00.
Shares of NYSE CHA opened at $48.38 on Friday. The company has a market cap of $39.15 billion, a P/E ratio of 14.23, a PEG ratio of 1.85 and a beta of 0.81. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 0.14. China Telecom has a 52-week low of $41.28 and a 52-week high of $51.49.
China Telecom Company Profile
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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