NEW YORK ( TheStreet) -- China Telecom (NYSE: CHA) hit a new 52-week low Thursday as it is currently trading at $54.25, below its previous 52-week low of $54.33 with 36,480 shares traded as of 9:45 a.m. ET. Average volume has been 75,700 shares over the past 30 days. China Telecom has a market cap of $45.21 billion and is part of the technology sector and telecommunications industry. Shares are down 4% year to date as of the close of trading on Wednesday. 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 18.9, below the average telecommunications industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.
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