Home » USA Broker Ratings » China Telecom Corp Ltd – Consensus Indicates Potential 67.5% Upside

China Telecom Corp Ltd – Consensus Indicates Potential 67.5% Upside

China Telecom Corp Ltd with ticker code (CHA) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 58.06 and 38.7 calculating the mean target price we have 48.92. With the stocks previous close at 29.2 this indicates there is a potential upside of 67.5%. There is a 50 day moving average of 31.54 while the 200 day moving average is 35.51. The market capitalisation for the company is $23,801m. 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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