China Telecom Rating Increased to Outperform at Macquarie (CHA)
Macquarie upgraded shares of China Telecom (NYSE: CHA) from a neutral rating to an outperform rating in a research note released on Wednesday morning, TheFlyOnTheWall.com reports.
Shares of China Telecom (NYSE: CHA) traded up 2.12% during mid-day trading on Wednesday, hitting $51.50. China Telecom has a one year low of $50.10 and a one year high of $52.10. The stock’s 50-day moving average is currently $51.. The company has a market cap of $41.680 billion and a P/E ratio of 16.81.
China Telecom Corporation Limited is an integrated information service provider in the People’s Republic of China.
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