China Telecom gained Buy Rating from 9 Financial Research Firms
Published By : 07 Aug 2015 | Published By : QYRESEARCH
Nine market rating firms have rated China Telecom Co. Ltd. with a ‘buy’ rating at an average, reported Analyst Ratings.Net on Friday, Aug 07th, 2015.
Apart from this, Sanford C. Bernstein have raised the rating on China Telecom to an ‘outperform’ rating from a ‘market perform’ rating in a report published on Wednesday, April 15th, 2015. Jefferies Group raised China Telecom to a ‘buy’ rating from a ‘hold’ one. The firm stated this in a research note on Friday, May 29th, 2015. Zacks downgraded the telecom giant from a ‘hold’ rating and gave it a ‘sell’ rating in a research note issued on Friday, June 26th, 2015. Lastly, Credit Suisse kept it previously given ‘overweight’ rating as it is on China Telecom shares in a report published on Friday, July 3rd, 2015.
China Telecom showed a downwards movement on Thursday, Aug 06, 2015 and traded down at 0.58%, hitting a low of US$54.42. The day’s trading witnessed an exchange of 9,468 shares of the China Telecom. The company boast of a market capital of US$44.04 billion and a price to earnings ratio of 15.55%. The 50 day moving average of the company is US$57.28 and the 200-day moving average is reported at US$64.22. The telecom company has a one year high of US$78.28 and a one year low of US$51.47.
The company has also announced an annual dividend recently that it paid on Monday, July 27th, 2015. Investors were issued a US$1.283 dividend on Monday, June 1st, 2015, representing a profit of 1.8%.
China Telecom is a full services integrated information service operator in China. The company is offers basic communications services, such as mobile telecommunications services, comprehensive wire line telecommunications services, and value-added services including integrated information services, Internet access services, and other related services within its service area.