News articles about China Telecom (NYSE:CHA) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Telecom earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.188 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms have commented on CHA. Mizuho lowered shares of China Telecom from a “buy” rating to a “neutral” rating in a research report on Thursday, June 7th. Zacks Investment Research lowered shares of China Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.00.
NYSE:CHA traded down $1.14 on Tuesday, reaching $48.10. The stock had a trading volume of 17,600 shares, compared to its average volume of 63,823. The firm has a market cap of $39.46 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.80 and a beta of 0.77. China Telecom has a 1-year low of $41.28 and a 1-year high of $53.78. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 0.14. – Fairfield Current