China Telecom Corp. (CHA) Shares Gap Down to $52.22
China Telecom Corp. (NYSE:CHA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $52.05, but opened at $52.22. China Telecom Corp. shares last traded at $52.65, with a volume of 10,786 shares trading hands.
Several equities analysts have commented on CHA shares. Bank of America Corp. started coverage on shares of China Telecom Corp. in a research report on Monday, August 15th. They set a “top pick” rating for the company. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of China Telecom Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, Citigroup Inc. lowered shares of China Telecom Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 15th.
The firm’s 50 day moving average is $50.21 and its 200 day moving average is $49.07. The stock has a market cap of $42.61 billion and a price-to-earnings ratio of 13.50.
China Telecom Corporation Limited is an integrated information service provider in the People’s Republic of China (PRC). The Company offers a range of telecommunications services, including wireline voice services, mobile voice services, Internet access services, value-added services, integrated information application services, telecommunications network resource services and lease of network equipment and other related services.
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