China Telecom Co. Limited (NYSE:CHA) – Research analysts at Jefferies Group issued their FY2022 earnings estimates for shares of China Telecom in a report released on Tuesday, according to Zacks Investment Research. Jefferies Group analyst E. Lee anticipates that the utilities provider will post earnings per share of $4.77 for the year.
Separately, Zacks Investment Research lowered China Telecom from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. China Telecom currently has an average rating of “Buy” and a consensus price target of $55.00.
Shares of China Telecom (NYSE:CHA) traded up $0.29 during trading hours on Thursday, reaching $48.12. The company’s stock had a trading volume of 37,353 shares, compared to its average volume of 114,067. The firm has a market cap of $39,000.00, a PE ratio of 13.37, a PEG ratio of 1.80 and a beta of 0.60. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.03. China Telecom has a 52-week low of $45.90 and a 52-week high of $53.78.
Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of China Telecom by 93.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,211 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 1,068 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of China Telecom by 22.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,390 shares of the utilities provider’s stock worth $163,000 after purchasing an additional 630 shares during the period. FDx Advisors Inc. purchased a new position in shares of China Telecom during the 3rd quarter worth $243,000. Marshall Wace North America L.P. purchased a new position in shares of China Telecom during the 2nd quarter worth $269,000. Finally, Macquarie Group Ltd. purchased a new position in shares of China Telecom during the 2nd quarter worth $413,000. 0.42% of the stock is currently owned by institutional investors.
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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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