Macquarie Upgrades China Telecom to Outperform (CHA)

By admin | 6 years ago

China Telecom (NYSE: CHA) was upgraded by equities research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse (NYSE: CS) upgraded shares of China Telecom from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. Separately, analysts at HSBC (NYSE: HBC) downgraded shares of China Telecom from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, March 21st. Finally, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of China Telecom from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, March 21st.

Shares of China Telecom traded down 0.77% during mid-day trading on Thursday, hitting $46.19. China Telecom has a 52 week low of $46.19 and a 52 week high of $67.97. The company has a market cap of $37.383 billion and a P/E ratio of 14.55.

China Telecom Corporation Limited is an integrated information service provider in the People’s Republic of China.

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