BofA Securities: Initiates Buy Rating on China Telecom (00728.HK), H-Share Target Price HK$6

Zhitong Finance APP has learned that BofA Securities issued a research report stating that it has initiated coverage on China Telecom (00728.HK) with a "Buy" rating and an H-share target price of HK$6. The bank believes that China Telecom is a high-quality, enterprise-focused telecommunications operator in China, serving 442 million mobile users and 201 million broadband customers.