The telecommunications industry closed the day up 0.3%. Powerwave Technologies Inc ( PWAV), XFONE Inc ( XFN), TeleCommunication Systems Inc ( TSYS), and MetroPCS Communications Inc ( PCS) were all decliners today within the telecommunications industry with China Telecom ( CHA) being today's featured telecommunications loser. China Telecom fell $2.70 (-4.2%) to $62.32 on average volume. Throughout the day, 98,968 shares of China Telecom exchanged hands as compared to its average daily volume of 109,300 shares. China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services in the People's Republic of China. China Telecom has a market cap of $51.7 billion and is part of the technology sector. The company has a P/E ratio of 22.2, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 27.2% year to date as of the close of trading on Thursday. TheStreet Ratings rates China Telecom as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
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