China Telecom Corp. Ltd.
) was a big mover last session, as the company saw its shares
increase over 5% on the day. The move came on the back of solid
volume too, as far more shares changed hands than in a normal
session. This reverses the recent trend for this utility company,
as the stock has been trading above the volatile price range of
$47.27-$49.43 in the past three-month time frame.
The company has seen positive estimate revisions in the past few
weeks and its earnings consensus has moved higher over the past
two months, suggesting that more solid trading could be ahead for
CHA. So make sure to keep an eye on this stock going forward to
see if this recent jump can turn into more strength down the
China Telecom currently has a Zacks Rank #4 (Sell) while its
Some better performing utility stocks worth considering include
The Laclede Group, Inc.
Consolidated Water Co. Ltd.
Hawaiian Telcom Holdco, Inc.
). All these carry a Zacks Rank #1 (Strong Buy).
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CHINA TELCM-ADR (CHA): Free Stock Analysis
CONSOLTD WATER (CWCO): Free Stock Analysis
HAWAIIAN TELCOM (HCOM): Free Stock Analysis
LACLEDE GRP INC (LG): Free Stock Analysis
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