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Published on : Apr 17, 2015

Shares of China Telecom Co. Ltd was upgraded by Sanford C. Bernstein. Initially it was put under a market perform rating and now it is given an outperform rating in a market study sent to the investors on Wednesday.

Sanford provided shares of ASML Holding NV a novel price target of US$115.00. They have a buy rating now on that stock. It also reiterated its market performance rating on the Lloyds Banking Group PLC shares. They now have a price target of GBX 83 (US$1.21) on that stock. Lastly, Sanford C. Bernstein changed the outperform rating it earlier gave on the shares of Tesco PLC. Now, they have a price target of GBX 285 (US$4.17) on that stock.

The shares of China Telecom Co. Ltd. sold down 5.6 per cent during the mid-day trading on Wednesday, dropping till US$69.22. A total of 20,315 shares of the firm’s stock were trading in hands. The China Telecom Co. Ltd. has a US$44.59 52-week low and a US$78.28 52-week high. The 50-day moving average of the stock is US$65. Whereas, its 200-day average of moving is US$61. The firm has a P/E ratio of 19.78 and a market cap of US$56.02 billion.

The Barclays analysts upgraded the shares of China Telecom Co. Limited from an equivalent weight rating to an overweight rating in a market report on Wednesday, March 18th, 2015. The analysts at Zacks, in separate studies, upgraded the shares of China Telecom Co. Ltd. from a neutral rating to an outperform rating and set a price target of US$67.30 on the stock in a research note published on Wednesday, March 11th, 2015.

3 among other analysts have given the stock with a hold rating and 6 have given a buy rating to the stock. The China Telecom Co. Ltd. currently has a consensus buy rating from analysts and an average US$65.25 target price.