News Snapshot:
China Telecom (NYSE:CHA) was upgraded by Zacks Investment Research from a “hold†rating to a “buy†rating in a report released on Monday, Zacks.com reports. The firm currently has a $37.00 target price on the utilities provider’s stock. Zacks Investment Research ‘s price target suggests a potential upside of 13.81% from the stock’s previous close. According to Zacks, “China Telecom Corporation is a state-owned telecommunications company in China. They operate local telephone networks in ten provinces in China. They operate domestic and international fixed-line networks and infrastructure including wireless local loop, as well as telecom network-based voice, data, video, multimedia...
