Shares of China Telecommunications Co. (NYSE:CHA) reached a new 52-week low on Thursday . The stock traded as low as $42.48 and last traded at $42.44, with a volume of 47533 shares. The stock had previously closed at $43.01.

Several research firms have recently weighed in on CHA. Nomura lowered shares of China Telecommunications from a “buy” rating to a “neutral” rating in a report on Monday, March 12th. Zacks Investment Research lowered shares of China Telecommunications from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th.

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The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.03.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. OLD Mission Capital LLC bought a new stake in shares of China Telecommunications during the fourth quarter valued at approximately $396,000. Two Sigma Investments LP grew its stake in shares of China Telecommunications by 70.1% during the fourth quarter. Two Sigma Investments LP now owns 46,668 shares of the utilities provider’s stock valued at $2,215,000 after purchasing an additional 19,226 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of China Telecommunications by 50.3% during the fourth quarter. Two Sigma Advisers LP now owns 57,700 shares of the utilities provider’s stock valued at $2,739,000 after purchasing an additional 19,300 shares during the last quarter. Deutsche Bank AG grew its stake in shares of China Telecommunications by 78.5% during the fourth quarter. Deutsche Bank AG now owns 83,256 shares of the utilities provider’s stock valued at $3,952,000 after purchasing an additional 36,625 shares during the last quarter. Finally, Profund Advisors LLC grew its stake in shares of China Telecommunications by 23.2% during the fourth quarter. Profund Advisors LLC now owns 27,786 shares of the utilities provider’s stock valued at $1,319,000 after purchasing an additional 5,225 shares during the last quarter. 0.46% of the stock is owned by institutional investors.

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About China Telecommunications

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. It offers wireline voice services, including local wireline telephone services and long distance wireline services; CDMA mobile voice services, such as local calls, domestic and international long distance calls, intra-provincial roaming, and inter-provincial roaming and international roaming; wireline Internet access services comprising dial-up and broadband services; wireless Internet access services; and wireline, Internet, and mobile value-added services.

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