NEW YORK ( TheStreet) -- China Telecom Corporation (NYSE: CHA) hit a new 52-week high Tuesday as it is currently trading at $66.80, above its previous 52-week high of $66.42 with 6,792 shares traded as of 9:35 a.m. ET. Average volume has been 73,400 shares over the past 30 days.

China Telecom has a market cap of $53.5 billion and is part of the technology sector and telecommunications industry. Shares are up 16% year to date as of the close of trading on Monday.

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services in the People's Republic of China. The company has a P/E ratio of 22.4, below the average telecommunications industry P/E ratio of 22.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates China Telecom as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full China Telecom Ratings Report.

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