China Telecom Corp Ltd (NYSE:CHA) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Separately, 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 investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $54.00.

Shares of China Telecom Corp (NYSE CHA) traded down 0.0017% on Wednesday, hitting $48.0292. The stock had a trading volume of 7,156 shares. The company has a 50-day moving average of $47.79 and a 200 day moving average of $48.36. China Telecom Corp has a 52 week low of $45.58 and a 52 week high of $53.87. The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 14.5543 and a beta of 0.65.

TRADEMARK VIOLATION WARNING: This story was posted by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.watchlistnews.com/china-telecom-corp-ltd-cha-upgraded-to-hold-at-bidaskclub/1494983.html.

Institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in shares of China Telecom Corp by 25.5% in the second quarter. Aperio Group LLC now owns 334,920 shares of the utilities provider’s stock valued at $16,053,000 after buying an additional 68,058 shares during the period. Karp Capital Management Corp purchased a new position in shares of China Telecom Corp during the first quarter valued at $12,988,000. Arrowstreet Capital Limited Partnership raised its position in shares of China Telecom Corp by 11.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 258,261 shares of the utilities provider’s stock valued at $12,378,000 after buying an additional 26,872 shares during the period. Credit Suisse AG raised its position in shares of China Telecom Corp by 7.5% in the first quarter. Credit Suisse AG now owns 205,667 shares of the utilities provider’s stock valued at $10,010,000 after buying an additional 14,292 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in shares of China Telecom Corp by 475.0% in the second quarter. Tudor Investment Corp ET AL now owns 115,000 shares of the utilities provider’s stock valued at $5,512,000 after buying an additional 95,000 shares during the period. 0.41% of the stock is owned by institutional investors and hedge funds.

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.

Receive News & Ratings for China Telecom Corp Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Telecom Corp Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.