China Telecom stock: BofA sets HKD 6.00 target for China Telecom stock

Published on 10/19/2026 at 17:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BOC forecasts CNY 6.60 billion profit on October 14, 2026. China Telecom stock costs HKD 4.66 on October 19, 2026, down 1.27 percent on HKEX.

Analyst target and earnings date

BofA Securities initiated a Buy rating with a HKD 6.00 target on October 16, 2026.
BOC International forecast CNY 6.60 billion in third-quarter profit on October 14, 2026.
China Telecom stock costs HKD 4.66 on October 19, 2026, down 1.27 percent on HKEX versus the prior close.
China Telecom is scheduled to report third-quarter results on October 23, 2026.

China Telecom, CNE1000002V2, Illustration mit AI erstellt.

Investing.com reported on October 16, 2026 that BofA Securities initiated a Buy rating on China Telecom and set a target of HKD 6.00 for its Hong Kong-listed shares. The target stood 28.76 percent above the HKD 4.66 share price. China Telecom traded at HKD 4.66 on October 19, 2026, down 1.27 percent from the previous HKEX close of HKD 4.72 on October 16, 2026.

The target leaves room above the price

BofA's target is based on cloud and artificial-intelligence growth, according to the October 16 report. The same report said China Telecom's cloud revenue reached CNY 61.80 billion in the first half of 2026, up 7.80 percent year over year, while intelligent-computing revenue rose 95.00 percent.

BOC International kept a HKD 6.96 target on October 14, 2026 and forecast third-quarter net profit of CNY 6.60 billion, down 13.50 percent year over year. That forecast provides a counterweight to the valuation case because the expected profit decline remains material.

Price stays below the yearly high

China Telecom's HKD 4.66 price was 23.36 percent below its HKD 6.08 52-week high and 9.91 percent above its HKD 4.24 low on October 19, 2026. Trading volume was 39.04 million shares, compared with a three-month average of 59.22 million.

Valuation and reporting date

The Hong Kong-listed shares had a market capitalization of HKD 688.4 billion and a P/E ratio of 12.40 on October 19, 2026. The indicated dividend yield was 6.10 percent. Simply Wall St said China Telecom had announced third-quarter results for October 23, 2026.

Comparison with peers

China Telecom: minus 1.27 percent, P/E 12.40, market capitalization HKD 688.4 billion
China Mobile (HKEX, HKD): minus 0.06 percent, P/E 11.44, market capitalization HKD 1.7 trillion
China Unicom (HKEX, HKD): minus 0.35 percent, P/E 7.27, market capitalization HKD 171.8 billion

What investors can measure next

The October 23 reporting date will put the CNY 6.60 billion profit forecast alongside the company's first-half results. In the first half of 2026, revenue was CNY 259.01 billion, down 3.90 percent year over year, while net profit attributable to shareholders was CNY 19.60 billion, down 14.90 percent.

Market context: Current market reports.

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