China Telecom (CHA) Receiving Somewhat Favorable Media Coverage, Analysis Shows

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News coverage about China Telecom (NYSE:CHA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Telecom earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 44.1434897055967 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of NYSE:CHA opened at $49.83 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.29 and a quick ratio of 0.27. The stock has a market cap of $39.32 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. China Telecom has a 12-month low of $41.28 and a 12-month high of $53.78.

CHA has been the topic of several analyst reports. Zacks Investment Research upgraded China Telecom from a “strong sell” rating to a “hold” rating in a report on Friday, July 6th. Mizuho lowered China Telecom from a “buy” rating to a “neutral” rating in a report on Thursday, June 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $50.00.

China Telecom Company Profile

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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