|Bid||2.960 x 0|
|Ask||2.970 x 0|
|Day's range||2.930 - 2.980|
|52-week range||1.820 - 3.240|
|Beta (5Y monthly)||0.53|
|PE ratio (TTM)||10.60|
|Earnings date||10 Aug 2021|
|Forward dividend & yield||0.12 (3.96%)|
|Ex-dividend date||11 May 2021|
|1y target est||4.63|
China Telecom, one of China’s state-run telecoms groups, has been cleared to raise $8.4bn in Shanghai after being forced off the New York Stock Exchange, in what would be the country’s biggest listing in a decade. The decision was the latest sign of Beijing’s efforts to minimise the fallout of any financial decoupling of the world’s two largest economies. The company was booted from the New York Stock Exchange along with state-run peers China Mobile and China Unicom in January to comply with an executive order signed by Donald Trump that prohibited Americans from investing in businesses with alleged ties to China’s military.
The Zacks Analyst Blog Highlights: China Telecom, Triton International, Repsol, Canadian Imperial Bank of Commerce and Bank of Montreal
Huawei Technologies Co has filed a legal challenge to the Federal Communications Commission's designation of the Chinese company as a U.S. national security threat to communications networks. The FCC in June formally designated China's Huawei and ZTE Corp as security threats, a declaration barring U.S. firms from tapping an $8.3 billion government fund to purchase equipment from the companies. In December the FCC rejected a petition from Huawei asking the agency to reconsider its decision.