Market Movers

China Telecom’s Stock Price Soars to 4.37 HKD, Notching a Robust 1.39% Increase

By September 27, 2024 No Comments

China Telecom (728)

4.37 HKD +0.06 (+1.39%) Volume: 315.31M

China Telecom’s stock price sees a positive uptick, trading at 4.37 HKD with a session gain of +1.39%. With a robust trading volume of 315.31M and an impressive YTD increase of +16.84%, China Telecom (728) continues its strong market performance.


Latest developments on China Telecom

China Telecom (H) stock price experienced a surge today following the company’s announcement of significant advancements in its 5G technology. As one of the top 10 5G service providers globally, China Telecom (H) is at the forefront of providing the best wireless technology to its customers. This latest development has generated positive investor sentiment, driving up the stock price as market participants anticipate increased demand for the company’s cutting-edge services. With its commitment to innovation and excellence in the telecommunications sector, China Telecom (H) continues to solidify its position as a key player in the evolving 5G landscape, shaping the future of connectivity.


A look at China Telecom Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience3
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Telecom (H) is looking strong for the long-term according to the Smartkarma Smart Scores. With top scores in Value, Dividend, and Momentum, the company is positioned well for future growth and stability. While Growth and Resilience scores are slightly lower, the overall outlook for China Telecom (H) appears positive.

As a leading provider of wireline telephone, data, and Internet services in China, China Telecom Corporation Limited has a solid foundation in the telecommunications industry. With high scores in Value, Dividend, and Momentum, the company is expected to continue its success in the market. Although Growth and Resilience scores are not as high, China Telecom (H) remains a strong player in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars