China Telecom Corporation Limited (ADR) (NYSE:CHA) the smallest of three companies ruling the China Telecom market posted a positive surge in its stock prices. The upward trend might be attributed to the surging 3G market which has been booming thanks to an exponentially growing mobile subscriber base. China Telecom Corporation Limited (ADR) (NYSE:CHA) shares after opening at $42.10 moved to $42.76 on last trade day and at the end of the day closed at $42.15. Company price to sales ratio in past twelve months was calculated as 0.70 and price to cash ratio as 9.94. China Telecom Corporation Limited (ADR) (NYSE:CHA) showed a positive weekly performance of 2.96%.
iPass Inc (NASDAQ:IPAS) the global Wi-Fi roaming leader for enterprises and telecom service providers, announced financial results for the fourth quarter and year ended December 31, 2013. iPass Inc. (NASDAQ:IPAS) shares advanced 2.53% in last trading session and ended the day on $1.62. IPAS return on equity ratio is recorded as -26.80% and its return on assets is -15.80%. iPass Inc. (NASDAQ:IPAS) yearly performance is -17.77%.
Moody’s Investors Services says KT Corporation(ADR) (NYSE:KT)’s rating (Baa1 stable) will not be affected by the filing of its wholly owned subsidiary, KT ENS Corporation (unrated), for court receivership. KT Corporation (ADR) (NYSE:KT) shares moved down -1.18% in last trading session and was closed at $13.36 while trading in range of $13.34 – $13.52 – KT Corporation (ADR) (NYSE:KT) year to date (YTD) performance is -10.15%.
Nortel Inversora S.A (NYSE:NTL) whose sole material activity is holding 54.74% of the stock of Telecom Argentina S.A. (“Telecom”) informs that Telecom has repurchased 15,221,373 of its own stock as of December 31, 2013. As a result, the political and economic rights of Nortel have increased to 55.60 % of Telecom’s outstanding stock as of such date. Nortel Inversora SA (ADR) (NYSE:NTL) weekly performance is 4.57%. On last trading day company shares ended up $17.38. Nortel Inversora SA (ADR) (NYSE:NTL) distance from 50-day simple moving average (SMA50) is -2.57%. Analysts mean target price for the company is $16.00.