Franklin Resources Inc. decreased its position in shares of China Telecom Corp Ltd (NYSE:CHA) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,420,105 shares of the utilities provider’s stock after selling 3,707 shares during the period. Franklin Resources Inc. owned about 0.18% of China Telecom Corp worth $68,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHA. Aperio Group LLC boosted its position in shares of China Telecom Corp by 25.5% during the 2nd quarter. Aperio Group LLC now owns 334,920 shares of the utilities provider’s stock worth $16,053,000 after acquiring an additional 68,058 shares in the last quarter. Bank of Montreal Can boosted its position in shares of China Telecom Corp by 274.0% during the 2nd quarter. Bank of Montreal Can now owns 28,217 shares of the utilities provider’s stock worth $1,352,000 after acquiring an additional 20,672 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of China Telecom Corp during the 1st quarter worth approximately $973,000. Credit Suisse AG boosted its position in shares of China Telecom Corp by 7.5% during the 1st quarter. Credit Suisse AG now owns 205,667 shares of the utilities provider’s stock worth $10,010,000 after acquiring an additional 14,292 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of China Telecom Corp by 1,217.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 12,913 shares of the utilities provider’s stock worth $619,000 after acquiring an additional 11,933 shares in the last quarter. Institutional investors and hedge funds own 0.41% of the company’s stock.

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Several research firms recently issued reports on CHA. BidaskClub upgraded shares of China Telecom Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Bank of America Corporation began coverage on shares of China Telecom Corp in a research report on Wednesday, August 30th. They set a “buy” rating on the stock. Finally, Zacks Investment Research lowered shares of China Telecom Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.00.

China Telecom Corp Ltd (CHA) opened at 50.58 on Thursday. The firm has a 50-day moving average of $49.02 and a 200-day moving average of $48.60. China Telecom Corp Ltd has a 1-year low of $45.58 and a 1-year high of $53.61. The stock has a market capitalization of $40.94 billion, a PE ratio of 14.45 and a beta of 0.62.

China Telecom Corp Company Profile

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.

Institutional Ownership by Quarter for China Telecom Corp (NYSE:CHA)

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