Favorable Media Coverage Somewhat Unlikely to Affect China Telecommunications (CHA) Share Price

Headlines about China Telecommunications (NYSE:CHA) have been trending positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. China Telecommunications earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 47.5789348044636 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

CHA traded down $0.12 during trading on Monday, hitting $45.60. The stock had a trading volume of 66,236 shares, compared to its average volume of 89,688. The company has a market cap of $37,002.11, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75. China Telecommunications has a twelve month low of $41.28 and a twelve month high of $53.78. The company has a quick ratio of 0.24, a current ratio of 0.26 and a debt-to-equity ratio of 0.15.

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The company also recently announced an annual dividend, which will be paid on Monday, August 6th. Shareholders of record on Thursday, May 31st will be paid a $1.4651 dividend. This represents a yield of 3.29%. This is an increase from China Telecommunications’s previous annual dividend of $1.35. The ex-dividend date is Wednesday, May 30th. China Telecommunications’s dividend payout ratio (DPR) is 36.12%.

CHA has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of China Telecommunications from a “strong sell” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Friday, April 6th. Jefferies Group upgraded shares of China Telecommunications from a “hold” rating to a “buy” rating in a research note on Thursday, March 29th. Nomura downgraded shares of China Telecommunications from a “buy” rating to a “neutral” rating in a research note on Monday, March 12th. Finally, CLSA upgraded shares of China Telecommunications from an “underperform” rating to an “outperform” rating in a research note on Wednesday, March 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $50.00.

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About China Telecommunications

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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