China Telecom (CHA) Stock Rating Lowered by Mizuho
China Telecom (NYSE:CHA) was downgraded by Mizuho from a “neutral” rating to a “sell” rating in a report issued on Monday, The Fly reports.
CHA has been the topic of several other research reports. Credit Suisse Group cut shares of China Telecom from an “outperform” rating to a “neutral” rating in a research note on Friday, October 26th. Zacks Investment Research cut shares of China Telecom from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. UBS Group cut shares of China Telecom from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Finally, CLSA cut shares of China Telecom from an “outperform” rating to an “underperform” rating in a research note on Monday, October 29th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.00.
Shares of CHA opened at $51.36 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 0.14. China Telecom has a 12-month low of $41.28 and a 12-month high of $53.02.
About China Telecom
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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