Shares of China Tower Co. Limited (OTCMKTS:CHWRF – Get Free Report) dropped 16.5% on Friday. The company traded as low as $0.9180 and last traded at $0.9180. Approximately 546 shares were traded during trading, a decline of 9% from the average session volume of 597 shares. The stock had previously closed at $1.10.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group cut China Tower to a “sell” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Report on China Tower
China Tower Stock Performance
About China Tower
China Tower Corporation Limited is a telecommunications infrastructure company that develops, owns and operates communications sites and related facilities in mainland China. The company primarily serves mobile network operators by providing tower space and supporting infrastructure for wireless communications equipment.
Its principal activities include the construction, operation and maintenance of macro cell towers, small cells and other communications sites. China Tower also provides indoor distributed antenna system solutions designed to improve wireless coverage in buildings, transportation facilities and other high-traffic locations.
The company has expanded beyond traditional tower leasing through energy services and smart tower solutions.
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