China Telecom (NYSE:CHA) Rating Increased to Buy at Zacks Investment Research

China Telecom (NYSE:CHA) was upgraded by Zacks Investment Research from a ࢀœholdࢀ rating to a ࢀœbuyࢀ rating in a research note issued on Monday, Zacks.com reports. The brokerage currently has a $37.00 target price on the utilities providerࢀ™s stock. Zacks Investment Research ࢀ˜s target price would indicate a potential upside of 10.48% from the stockࢀ™s current price. According to Zacks, ࢀœChina 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,…