Media stories about China Telecom (NYSE:CHA) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. China Telecom earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.227758897282 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- China Telecom Voted as Most Honored Companies in Asia and Awarded Best Investor Relations Company by Country and Sector (newkerala.com)
- GDS to jointly develop data centers with SDIC, China Unicom, and China Telecom (lightwaveonline.com)
- China stocks rise, could have 9th straight gain; Hong Kong up (reuters.com)
- China stocks up for 8th day, helped by consumer firms (reuters.com)
- BRIEF-China Telecom Americas Announces Partnership With Intelisys (finance.yahoo.com)
Shares of China Telecom (NYSE:CHA) traded up $0.29 during midday trading on Friday, hitting $48.12. 37,353 shares of the stock were exchanged, compared to its average volume of 114,067. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $39,000.00, a PE ratio of 13.37, a PEG ratio of 1.80 and a beta of 0.60. China Telecom has a 1 year low of $45.90 and a 1 year high of $53.78.
Separately, Zacks Investment Research downgraded shares of China Telecom from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.00.
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About China Telecom
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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