Anxin securities issued a research report on March 21, saying that it maintained the buying rating of China Telecom Corporation Limited(601728) ( China Telecom Corporation Limited(601728) .sh, latest price: 4.03 yuan). The reasons for rating mainly include: 1) continuous improvement of performance, and the overall revenue growth of the company driven by industrial digitization; 2) 5g + smart family promotes the steady improvement of ARPU; 3) Grasp the development trend of cloud network integration and continuously improve cloud network capability; 4) Free cash flow continued to improve and the proportion of dividends increased. Risk tips: Economic and policy environment risks, industrial digital development is less than expected, 5g construction is less than expected, and the improvement of ARPU value of the company is less than expected.
AI comments: China Telecom Corporation Limited(601728) in the past month, it has received 7 research reports from securities companies, bought 5 and increased its holdings of 1. The average target price is 6.16 yuan, which is 2.13 yuan higher than the latest price of 4.03 yuan, and the average target price increases by 52.85%.
