China Telecom (NYSE:CHA) Sets New 52-Week Low at $41.48

China Telecom Co. Limited (NYSE:CHA)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $41.48 and last traded at $41.48, with a volume of 300 shares changing hands. The stock had previously closed at $42.36.

CHA has been the topic of a number of research reports. Citigroup upgraded China Telecom from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 16th. Zacks Investment Research upgraded China Telecom from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, UBS Group upgraded China Telecom from a “neutral” rating to a “buy” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. China Telecom has a consensus rating of “Hold” and an average target price of $57.95.

The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $45.00 and its two-hundred day moving average is $47.25. The company has a market capitalization of $34.70 billion, a P/E ratio of 10.85, a PEG ratio of 1.28 and a beta of 0.73.

Hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP boosted its position in China Telecom by 21.1% in the third quarter. First Trust Advisors LP now owns 20,009 shares of the utilities provider’s stock worth $912,000 after purchasing an additional 3,489 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in shares of China Telecom by 22.2% during the 3rd quarter. Wetherby Asset Management Inc. now owns 4,989 shares of the utilities provider’s stock valued at $227,000 after buying an additional 905 shares in the last quarter. Brandywine Oak Private Wealth LLC purchased a new position in shares of China Telecom during the 3rd quarter valued at about $214,000. Leavell Investment Management Inc. lifted its position in shares of China Telecom by 2.5% during the 3rd quarter. Leavell Investment Management Inc. now owns 16,200 shares of the utilities provider’s stock valued at $738,000 after buying an additional 400 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of China Telecom by 48.3% during the 2nd quarter. Macquarie Group Ltd. now owns 4,881 shares of the utilities provider’s stock valued at $244,000 after buying an additional 1,589 shares in the last quarter. Institutional investors own 0.48% of the company’s stock.

China Telecom Company Profile (NYSE:CHA)

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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