China Telecom Corp (CHA) Given Media Sentiment Rating of 0.09
News stories about China Telecom Corp (NYSE:CHA) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. China Telecom Corp earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 47.0137398396389 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
CHA has been the topic of a number of analyst reports. Bank of America Corporation initiated coverage on shares of China Telecom Corp in a research note on Wednesday, August 30th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of China Telecom Corp from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, June 27th. Finally, BidaskClub downgraded shares of China Telecom Corp from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $55.00.
Shares of China Telecom Corp (CHA) traded up 0.45% during midday trading on Thursday, reaching $50.81. 23,674 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $49.18 and a 200 day moving average price of $48.63. China Telecom Corp has a 12 month low of $45.58 and a 12 month high of $53.61. The company has a market cap of $41.12 billion, a P/E ratio of 14.52 and a beta of 0.62.
About China Telecom Corp
China Telecom Corporation Limited is an investment holding company principally engaged in telecommunications and related businesses. The Company provides integrated information services, including wireline and mobile telecommunications services, Internet access services, information services and other value-added telecommunications services.
Receive News & Ratings for China Telecom Corp Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Telecom Corp Ltd and related companies with MarketBeat.com's FREE daily email newsletter.