China Telecom Corp Ltd – Consensus Indicates Potential 45.9% Upside

Broker Ratings

China Telecom Corp Ltd found using ticker (CHA) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 51.61 and 38.7 with a mean TP of 43.77. Now with the previous closing price of 30 this would imply there is a potential upside of 45.9%. The 50 day MA is 31.9 and the 200 day moving average is 31.26. The company has a market capitalisation of $24,651m. You can visit the company’s website by visiting: http://www.chinatelecom-h.com/en/global/home.php

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. The company also provides Best Tone information services; and information technology-based integrated solutions, such as system integration and consulting, outsourcing, special advisory, information application, knowledge, and software development services. In addition, it offers managed data services that include digital data network, frame relay, and asynchronous transfer mode services for government agencies, large corporations, and institutions; and leased line services, as well as sells, repairs, and maintains customer-end equipment. Further, the company provides international telecommunications services, including network, Internet access and transit, Internet data center, and mobile virtual network services in various countries, including the Asia Pacific, Europe, Africa, South America, and North America; and music production and related information, instant messenger, finance leasing, capital and financial management, and e-commerce services, as well as sells telecommunications terminals. As of December 31, 2019, it had approximately 336 million mobile subscribers; 153 million wireline broadband subscribers; and 111 million access lines in service. The company was incorporated in 2002 and is based in Wanchai, Hong Kong. China Telecom Corporation Limited is a subsidiary of China Telecommunications Corporation.

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