China Telecom’s Stock Price Plunges to 5.52 HKD, Marking a Sharp 4.33% Decrease

China Telecom (728)

5.52 HKD -0.25 (-4.33%) Volume: 212.55M

China Telecom’s stock price is currently at 5.52 HKD, experiencing a decrease of -4.33% in today’s trading session with a trading volume of 212.55M. Despite today’s downturn, the telecom giant’s stock has shown resilience with a positive year-to-date (YTD) change of +13.35%, reflecting its robust financial performance in the competitive market.

Latest developments on China Telecom

China Telecom (H) stock prices experienced a significant drop today following news of the company’s delisting from the New York Stock Exchange. This decision comes after the Biden administration issued an executive order prohibiting US investment in companies with ties to the Chinese military. China Telecom (H) is one of several Chinese companies impacted by this order, leading to uncertainty and volatility in the stock market. Investors are closely monitoring the situation as tensions between the US and China continue to escalate, affecting global markets.

A look at China Telecom Smart Scores

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) seems to have a promising long-term outlook based on its Smartkarma Smart Scores. With high scores in Value and Dividend, the company is seen as a strong investment option for those looking for stability and potential returns. Additionally, its Momentum score suggests that the company is on a positive trajectory in terms of market performance.

While China Telecom (H) may not score as high in Growth and Resilience compared to other factors, its overall outlook remains positive. As a leading provider of telecommunications services in China, the company is well-positioned to capitalize on the growing demand for connectivity and communication services in the region. Investors may find China Telecom (H) to be a reliable choice for long-term growth and income generation.

### China Telecom Corporation Limited, through its subsidiaries, provides wireline telephone, data, and Internet, as well as leased line services in China. ###

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.
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