44.33 +0.95 (2.19%)
Pre-market: 4:58AM EST
|Bid||43.91 x 2900|
|Ask||44.98 x 1000|
|Day's range||43.24 - 43.64|
|52-week range||37.44 - 55.84|
|Beta (5Y monthly)||0.83|
|PE ratio (TTM)||9.97|
|Forward dividend & yield||1.95 (4.52%)|
|Ex-dividend date||26 Aug 2019|
|1y target est||50.77|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
China's three major state telecom operators rolled out 5G wireless technology Thursday, as the country races to narrow its technology gap with the US amid a bruising trade war. China Mobile, the country's largest carrier, announced its 5G services were available in 50 cities -- including Beijing, Shanghai and Shenzhen -- with packages starting from 128 yuan ($18) a month. Rivals China Telecom and China Unicom are also offering services at comparable prices in major cities, according to notices on their websites.
China's three state telecoms on Thursday announced the roll-out 5G mobile phone services, marking a key step in Beijing's ambitions to become a technology superpower at a time when it remains locked in trade tensions with Washington. China Mobile's, China Unicom and China Telecom's said on their websites and online stores that 5G plans, which start from as low as 128 yuan a month, will be available from Friday, allowing Chinese consumers nationwide to use the ultra-fast mobile internet service.
Huawei Technologies on Wednesday launched a new generation of 5G mobile antennae, anticipating an acceleration in the pace of network upgrades led by the three operators in its vast Chinese home market. Shenzhen-based Huawei has pioneered the development of so-called Massive MIMO - or multiple input and multiple output - antennae that feature arrays of transmitters and receivers to run fifth-generation mobile services.
The U.S. government expanded its trade blacklist on Monday to include some of China's top artificial intelligence (AI) startups over Beijing's treatment of Muslim minorities. Below are details of major companies placed on the blacklist, which effectively bans them from buying components from U.S. companies. The move is likely to impact not just them but also their suppliers, customers and financial backers.
China Mobile Limited (CHL) is mulling to enter the Brazilian market by acquiring Oi to tap growth opportunities from 5G roll-out across the country.
Chinese telecoms equipment maker Huawei Technologies Co said on Sunday it was not interested in acquiring struggling Oi SA or any other Brazilian carrier. "Huawei has no plan or interest in acquiring Oi or any other Brazilian carrier. In Brazil for more than 20 years, the company is working with all major Brazilian carriers supplying the best products and solutions to support digital transformation in Brazil," the company said in an emailed statement.
Two U.S. senators on Monday asked the FCC and national security agencies to review whether two Chinese state-owned telecom companies should be allowed to operate in the United States, at a time of heightened concern about possible Chinese spying. Senate Democratic Leader Charles Schumer and Senator Tom Cotton, a Republican, asked Federal Communications Commission chairman Ajit Pai to review approvals in the early 2000s that allow China Telecom and China Unicom to operate in the United States.
China Telecom said on Thursday it is ready to build a 5G mobile network with its rivals in order to reduce costs, a proposal that is likely to cut multi-billion dollar equipment orders for vendors such as Huawei Technologies. China's big three state telcos are racing to roll out 5G services in more than 50 cities this year, following countries like South Korea and the United States which have already started the service that promises to support new technologies such as autonomous driving. While the gradual rollout of 5G services globally is a boon to telecoms gear makers, tie-ups by mobile operators in China, the world's biggest smartphone market, to build the network together threaten to cut the size of the overall 5G infrastructure spending.
Charging elderly clients just 1 yuan or about 15 cents a day, little-known Lanchuang Network Technology Corp has embarked on one of the most ambitious undertakings in aged care by a private sector firm in China. Launched just four months ago, Lanchuang's smart care system has already signed up 220,000 elderly clients in 16 cities, half of which are in Shandong, a rapidly aging province in eastern China where the company is based.
China's largest telecommunications operator China Mobile said on Tuesday it will set up a 30 billion yuan (£3.4 billion) 5G industry fund and has already raised the first instalment of 7-10 billion yuan. China Mobile Chairman Yang Jie made the announcement at a press conference in Shanghai, according to a transcript of his speech provided by the company. Yang also said China Mobile will invest 3 billion yuan into developing 5G content such as ultra-high definition videos and games.