Eagle Ridge Investment Management Has Trimmed Its United Parcel Service (UPS) Stake; 5 Analysts Are Bullish China Telecom Limited (CHA) Last Week

December 6, 2017 - By Marie Mckinney

Eagle Ridge Investment Management decreased United Parcel Service Inc (UPS) stake by 5.38% reported in 2017Q2 SEC filing. Eagle Ridge Investment Management sold 4,056 shares as United Parcel Service Inc

(UPS)’s stock declined 3.26%. The Eagle Ridge Investment Management holds 71,328 shares with $7.56 million value, down from 75,384 last quarter. United Parcel Service Inc now has $101.93 billion valuation. The stock decreased 1.73% or $2.08 during the last trading session, reaching $118.29. About 3.31M shares traded or 29.52% up from the average. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since December 6, 2016 and is uptrending. It has underperformed by 14.60% the S&P500.

Among 6 analysts covering China Telecom (NYSE:CHA), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. China Telecom had 10 analyst reports since August 21, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of CHA in report on Tuesday, August 18 with “Outperform” rating. The stock has “Outperform” rating by Bernstein on Wednesday, November 9. Nomura upgraded the stock to “Buy” rating in Wednesday, November 30 report. Zacks upgraded China Telecom Corporation Limited (NYSE:CHA) on Friday, August 14 to “Sell” rating. Bank of America initiated the shares of CHA in report on Wednesday, August 30 with “Buy” rating. The stock has “Neutral” rating by Citigroup on Wednesday, June 15. The stock has “Overweight” rating by Morgan Stanley on Friday, November 11. The stock of China Telecom Corporation Limited (NYSE:CHA) earned “Neutral” rating by Citigroup on Thursday, August 20. The rating was downgraded by Bernstein on Friday, October 30 to “Mkt Perform”. See China Telecom Corporation Limited (NYSE:CHA) latest ratings:

30/08/2017 Broker: Bank of America Rating: Buy Initiate

China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services primarily in the PeopleÂ’s Republic of China. The company has market cap of $39.74 billion. It offers wireline voice services, including local wireline telephone services and long distance wireline services; CDMA mobile voice services, such as local calls, domestic and international long distance calls, intra-provincial roaming, and inter-provincial roaming and international roaming; wireline Internet access services comprising dial-up and broadband services; wireless Internet access services; and wireline, Internet, and mobile value-added services. It has a 13.93 P/E ratio. The firm also provides Best Tone information services; and information technology integrated solutions, such as system integration, outsourcing, special advisory, information application, knowledge, and software development services.

The stock decreased 0.45% or $0.22 during the last trading session, reaching $48.74. About 123,622 shares traded or 140.73% up from the average. China Telecom Corporation Limited (NYSE:CHA) has risen 4.41% since December 6, 2016 and is uptrending. It has underperformed by 12.29% the S&P500.

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on January, 30. They expect $1.67 EPS, up 2.45% or $0.04 from last year’s $1.63 per share. UPS’s profit will be $1.44B for 17.71 P/E if the $1.67 EPS becomes a reality. After $1.45 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts 15.17% EPS growth.

Among 20 analysts covering United Parcel Service (NYSE:UPS), 8 have Buy rating, 1 Sell and 11 Hold. Therefore 40% are positive. United Parcel Service had 52 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, July 27 by Stifel Nicolaus. Loop Capital initiated the stock with “Hold” rating in Tuesday, December 20 report. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Outperform” rating by Oppenheimer on Wednesday, February 3. BMO Capital Markets maintained United Parcel Service, Inc. (NYSE:UPS) on Wednesday, July 5 with “Hold” rating. The company was maintained on Friday, April 29 by Citigroup. The firm has “Hold” rating by Robert W. Baird given on Friday, October 27. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Underweight” rating given on Tuesday, February 23 by Morgan Stanley. As per Wednesday, November 2, the company rating was initiated by Deutsche Bank. The stock has “Buy” rating by S&P Research on Wednesday, July 29. The rating was downgraded by Zacks to “Buy” on Friday, August 14.

Investors sentiment increased to 1.05 in Q2 2017. Its up 0.07, from 0.98 in 2017Q1. It increased, as 61 investors sold UPS shares while 410 reduced holdings. 91 funds opened positions while 402 raised stakes. 447.95 million shares or 1.37% less from 454.16 million shares in 2017Q1 were reported. Strs Ohio holds 0.22% or 437,018 shares in its portfolio. Texas National Bank Tx accumulated 3,442 shares. Raymond James And Assoc reported 0.27% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). First Bancorp accumulated 14,259 shares. Granite Inv Prtn Limited Liability Company holds 17,025 shares or 0.13% of its portfolio. State Common Retirement Fund reported 1.92 million shares. Tower Bridge Advsrs accumulated 0% or 3,705 shares. Assetmark holds 26,639 shares. Partnervest Advisory Serv Ltd Liability owns 4,222 shares. Putnam Investments Ltd Liability Company owns 12,935 shares. Epoch Investment Partners Inc has invested 1.07% in United Parcel Service, Inc. (NYSE:UPS). Metropolitan Life Ins Com Ny stated it has 360,903 shares. Fil holds 2.01 million shares. Massachusetts Fincl Serv Communication Ma invested in 24.75 million shares or 1.21% of the stock. Veritas Invest Mgmt Ltd Liability Partnership has 0.02% invested in United Parcel Service, Inc. (NYSE:UPS) for 1,300 shares.

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