China Telecom Corp (NYSE:CHA) Receiving Somewhat Positive Press Coverage, Accern Reports
News headlines about China Telecom Corp (NYSE:CHA) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China Telecom Corp earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.6671092154926 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
China Telecom Corp (CHA) traded down 0.10% on Monday, reaching $48.49. 23,973 shares of the company’s stock were exchanged. The firm has a market cap of $39.24 billion, a PE ratio of 14.69 and a beta of 0.65. China Telecom Corp has a 12 month low of $45.58 and a 12 month high of $53.87. The firm’s 50-day moving average is $47.81 and its 200-day moving average is $48.36.
CHA has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of China Telecom Corp from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Tuesday, June 27th. BidaskClub raised shares of China Telecom Corp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $54.00.
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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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