China Telecommunications (CHA) Sets New 1-Year Low at $42.48
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.
The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.03.
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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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