China Telecom Corp (CHA) Earning Somewhat Positive Press Coverage, Report Finds
Media headlines about China Telecom Corp (NYSE:CHA) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China Telecom Corp earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.1099579902555 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Tata Steel-Thyssenkrupp merger, China rating cut and Nifty’s all-time high (livemint.com)
- China Mobile may buy Brazil’s Oi unit (chinadaily.com.cn)
- Head to Head Review: China Telecom Corp (CHA) and Vodafone Group PLC (VOD) (americanbankingnews.com)
- KuangChi Science : VOLUNTARY ANNOUNCEMENT ENTERING INTO A STRATEGIC COOPERATION FRAMEWORK AGREEMENT WITH CHINA TELECOM (4-traders.com)
- Increasing Telecom Tower Adoption Will Surge the Market Growth Further (sbwire.com)
A number of research firms have recently weighed in on CHA. BidaskClub raised China Telecom Corp from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Bank of America Corporation started coverage on China Telecom Corp in a research report on Wednesday, August 30th. They issued a “buy” rating for the company. Finally, Zacks Investment Research raised China Telecom Corp from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. China Telecom Corp presently has an average rating of “Buy” and a consensus target price of $55.00.
Shares of China Telecom Corp (CHA) opened at 49.90 on Monday. The firm has a market cap of $40.39 billion, a PE ratio of 13.86 and a beta of 0.62. China Telecom Corp has a 52 week low of $45.58 and a 52 week high of $53.61. The firm’s 50-day moving average price is $49.43 and its 200 day moving average price is $48.74.
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.
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