China Telecom Corp. Ltd. (CHA - Free Report) was a big mover last session, as the company saw its shares increase over 5% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. This reverses the recent trend for this utility company, as the stock has been trading above the volatile price range of $47.27-$49.43 in the past three-month time frame.
The company has seen positive estimate revisions in the past few weeks and its earnings consensus has moved higher over the past two months, suggesting that more solid trading could be ahead for CHA. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
China Telecom currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better performing utility stocks worth considering include The Laclede Group, Inc. , Consolidated Water Co. Ltd. (CWCO - Free Report) and Hawaiian Telcom Holdco, Inc. . All these carry a Zacks Rank #1 (Strong Buy).
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