China Telecom Corp (NYSE:CHA) Earning Somewhat Favorable News Coverage, Study Shows
Press coverage about China Telecom Corp (NYSE:CHA) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Telecom Corp earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.6377304995431 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research firms have commented on CHA. BidaskClub raised shares of China Telecom Corp from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research downgraded China Telecom Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.00.
China Telecom Corp (CHA) traded up 0.04% during mid-day trading on Wednesday, hitting $48.09. The stock had a trading volume of 15,229 shares. China Telecom Corp has a one year low of $45.58 and a one year high of $53.87. The firm’s 50-day moving average price is $47.89 and its 200 day moving average price is $48.33. The company has a market cap of $38.92 billion, a PE ratio of 14.57 and a beta of 0.65.
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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.
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