China Telecom Co. Limited (NYSE:CHA) Holdings Raised by Advisors Asset Management Inc.

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Advisors Asset Management Inc. increased its stake in shares of China Telecom Co. Limited (NYSE:CHA) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 41,678 shares of the utilities provider’s stock after purchasing an additional 1,791 shares during the quarter. Advisors Asset Management Inc.’s holdings in China Telecom were worth $2,060,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in China Telecom by 52.8% in the 3rd quarter. Parallel Advisors LLC now owns 3,485 shares of the utilities provider’s stock valued at $172,000 after acquiring an additional 1,204 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of China Telecom by 26.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 6,279 shares of the utilities provider’s stock worth $310,000 after buying an additional 1,316 shares during the period. Greenleaf Trust lifted its stake in shares of China Telecom by 37.6% during the 3rd quarter. Greenleaf Trust now owns 8,285 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 2,264 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of China Telecom by 4.6% during the 2nd quarter. First Trust Advisors LP now owns 59,718 shares of the utilities provider’s stock worth $2,773,000 after purchasing an additional 2,639 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of China Telecom by 18.2% during the 2nd quarter. Northern Trust Corp now owns 21,486 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 3,309 shares during the last quarter.

China Telecom stock traded up $0.40 during midday trading on Friday, hitting $51.74. 30,400 shares of the company were exchanged, compared to its average volume of 38,463. The firm has a market cap of $41.22 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. China Telecom Co. Limited has a fifty-two week low of $41.28 and a fifty-two week high of $54.10. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 0.14.

A number of equities research analysts recently weighed in on the company. CLSA cut China Telecom from an “outperform” rating to an “underperform” rating in a research note on Monday, October 29th. Zacks Investment Research upgraded China Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, October 22nd. UBS Group lowered China Telecom from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Mizuho lowered China Telecom from a “neutral” rating to a “sell” rating in a report on Monday, November 19th. Finally, Credit Suisse Group lowered China Telecom from an “outperform” rating to a “neutral” rating in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. China Telecom presently has a consensus rating of “Hold” and an average price target of $50.00.

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About China Telecom

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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Institutional Ownership by Quarter for China Telecom (NYSE:CHA)

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