China Telecom (NYSE:CHA) Upgrade
In analysts note published on Wednesday, 30 November, Nomura stated it was upgrading China Telecom (NYSE:CHA) stock from a Neutral to a Buy.
The company’s rating upgrade is well-received by stock traders, as NYSE:CHA is right now trading 0.34% higher at $46.96 as of 11:32 AM New York time. China Telecom’s stock is 0% in the past 200 days. It has underperformed the S&P500, which has surged 16.31% in the same time period.
China Telecom (NYSE:CHA) Profile
China Telecom Corporation Limited is an investment holding company principally engaged in telecommunications and related businesses. The Company operates through seven businesses. Wireline Voice Services include local and long distance wireline services.
China Telecom (NYSE:CHA) traded up 0.34% on 30 November, hitting $46.96. A total of 113,117 shares of the company’s stock traded hands. This is up from average of 73,515 shares. China Telecom has a 52 week low of $42.23 and a 52 week high of $55.85. The company has a market cap of $37.84B and a P/E ratio of 12.26.
Get the latest China Telecom (NYSE:CHA) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post China Telecom (NYSE:CHA) was Increased by Analysts at Nomura from a Neutral Rating to Buy One appeared first on Octafinance.