In a report released on February 17, Edison Lee from Jefferies maintained a Buy rating on China Tower (CHWRF – Research Report), with a price target of HK$1.38. The company’s shares closed yesterday at $0.15.

According to TipRanks, Lee is a 5-star analyst with an average return of 34.3% and a 63.93% success rate. Lee covers the Technology sector, focusing on stocks such as Apple, VNET Group, Inc. Sponsored ADR, and GDS Holdings.

China Tower has an analyst consensus of Moderate Buy, with a price target consensus of $0.19, a 22.62% upside from current levels. In a report released on February 6, UBS also upgraded the stock to a Buy with a HK$1.50 price target.

Based on China Tower’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $24.27 billion and a net profit of $2.55 billion. In comparison, last year the company earned a revenue of $23.26 billion and had a net profit of $2.34 billion