NEW YORK ( TheStreet) -- China Telecom (NYSE: CHA) hit a new 52-week low Friday as it is currently trading at $46.17, below its previous 52-week low of $46.19 with 5,735 shares traded as of 10:27 a.m. ET. Average volume has been 86,100 shares over the past 30 days.

China Telecom has a market cap of $37.95 billion and is part of the technology sector and telecommunications industry. Shares are down 17.9% year to date as of the close of trading on Thursday.

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 14.5, below the average telecommunications industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates China Telecom as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full China Telecom Ratings Report.

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