China Tower (CHWRF) Projected to Post Quarterly Earnings on Tuesday
by Jessica Moore · The Cerbat GemChina Tower (OTCMKTS:CHWRF – Get Free Report) is expected to release its resultson Tuesday, August 11th. Analysts expect the company to announce earnings of $0.0464 per share and revenue of $6.7839 billion for the quarter.
China Tower Price Performance
OTCMKTS:CHWRF remained flat at $1.23 during trading hours on Tuesday. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 600. China Tower has a 52-week low of $0.96 and a 52-week high of $1.80. The business has a 50 day simple moving average of $1.13 and a 200-day simple moving average of $1.28.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group downgraded China Tower to a “sell” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, China Tower has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on CHWRF
About China Tower
China Tower Corporation Limited is a leading provider of telecommunications infrastructure services in the People’s Republic of China. The company designs, builds, owns and operates a nationwide network of communications towers, base stations and ancillary infrastructure. Its core offerings include site acquisition, tower construction and maintenance, power supply solutions and network integration services, supporting multiple generations of mobile communications standards including 2G, 3G, 4G and 5G.
Established in 2014 as a joint venture by China Mobile, China Unicom and China Telecom, China Tower was created to consolidate tower assets and enhance efficiency in network deployment across China’s vast geography.