China Telecom Co. Limited (CHA) Given Average Rating of “Hold” by Analysts

China Telecom Co. Limited (NYSE:CHA) has been given a consensus rating of “Hold” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.90.

Several brokerages recently commented on CHA. Zacks Investment Research upgraded China Telecom from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Goldman Sachs Group upgraded China Telecom from a “neutral” rating to a “buy” rating and set a $53.90 target price on the stock in a research report on Sunday, April 14th. Finally, New Street Research lowered China Telecom from a “neutral” rating to a “reduce” rating in a research report on Monday, February 11th.

Shares of China Telecom stock traded up $0.81 on Friday, hitting $50.81. 34,900 shares of the company’s stock traded hands, compared to its average volume of 42,108. China Telecom has a one year low of $44.20 and a one year high of $57.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.28 and a quick ratio of 0.26. The firm has a market cap of $40.20 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.44 and a beta of 0.76.

The company also recently declared an annual dividend, which will be paid on Monday, August 5th. Shareholders of record on Monday, June 3rd will be issued a $1.5942 dividend. The ex-dividend date is Friday, May 31st. This represents a yield of 2.93%. This is a positive change from China Telecom’s previous annual dividend of $1.47. China Telecom’s dividend payout ratio is presently 37.53%.

A number of large investors have recently made changes to their positions in CHA. Marshall Wace LLP bought a new position in China Telecom in the first quarter worth approximately $36,000. BNP Paribas Arbitrage SA boosted its holdings in China Telecom by 159.2% in the first quarter. BNP Paribas Arbitrage SA now owns 705 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 433 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in China Telecom in the fourth quarter worth approximately $78,000. Financial Gravity Wealth Inc. bought a new position in China Telecom in the first quarter worth approximately $87,000. Finally, Sustainable Insight Capital Management LLC bought a new position in China Telecom in the fourth quarter worth approximately $104,000. Institutional investors and hedge funds own 0.52% of the company’s stock.

About China Telecom

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the People's Republic of China. It offers wireline voice services, including local wireline telephone services and long distance wireline services; CDMA mobile voice services, such as local calls, domestic and international long distance calls, intra-provincial roaming, and inter-provincial roaming and international roaming; wireline Internet access services comprising dial-up and broadband services; wireless Internet access services; and wireline, Internet, and mobile value-added services.

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Analyst Recommendations for China Telecom (NYSE:CHA)

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