China Tower (CHWRF) to Announce Quarterly Earnings on Tuesday

China Tower (OTCMKTS:CHWRF) is expected to be posting its resultson Tuesday, August 11th. Analysts expect China Tower to announce earnings of $0.0464 per share and revenue of $6.7839 billion for the quarter.

China Tower Price Performance

Shares of OTCMKTS CHWRF remained flat at $1.23 during mid-day trading on Tuesday. 1,100 shares of the stock were exchanged, compared to its average volume of 600. The business has a fifty day moving average of $1.13 and a 200-day moving average of $1.28. China Tower has a 52-week low of $0.96 and a 52-week high of $1.80.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of China Tower to a “sell” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, China Tower currently has an average rating of “Sell”.

China Tower Company Profile

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.