News Snapshot:
China Telecom (NYSE:CHA) was downgraded by Zacks Investment Research from a “buy†rating to a “hold†rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. 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 and information services. They are also engaged in international telecom service settlement and expand into overseas markets. “ CHA stock opened at $36.30 on Tuesday....
