Wall Street is positive on China Telecom Corporation Limited (CHA). On average, analysts give CHA a Strong Buy rating. The average price target is $58, which means analysts expect the stock to add by 95.88% over the next twelve months.
That average ranking earns CHA an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve.
Investors Observer combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.
What's Happening With China Telecom Corporation Limited Stock Today?
China Telecom Corporation Limited (CHA) stock is trading at $29.61 as of 2:17 PM on Friday, Jun 19, an increase of $0.41, or 1.4% from the previous closing price of $29.20. The stock has traded between $29.54 and $29.78 so far today. Volume today is less active than usual. So far 52,820 shares have traded compared to average volume of 126,372 shares.
