Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus target price of $34.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 167 out of 256 based on the ratings given to its competitors.
NYSE CHT traded down $0.01 on Friday, hitting $35.85. 3,859 shares of the company’s stock were exchanged, compared to its average volume of 97,089. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 0.99. The firm’s 50-day moving average price is $34.41 and its two-hundred day moving average price is $35.38. Chunghwa Telecom has a fifty-two week low of $33.61 and a fifty-two week high of $36.92. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 25.40 and a beta of 0.12.
Chunghwa Telecom (NYSE:CHT) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.35 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 8.95% and a net margin of 16.32%. The company had revenue of $1.61 billion for the quarter.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CHT. Rehmann Capital Advisory Group grew its holdings in shares of Chunghwa Telecom by 116.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 724 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 389 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Chunghwa Telecom by 186.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,883 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 1,876 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Chunghwa Telecom by 31.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,533 shares of the utilities provider’s stock worth $197,000 after acquiring an additional 1,313 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Chunghwa Telecom in the 2nd quarter worth approximately $204,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Chunghwa Telecom by 21.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,034 shares of the utilities provider’s stock worth $294,000 after acquiring an additional 1,419 shares during the period. Institutional investors and hedge funds own 2.72% of the company’s stock.
Chunghwa Telecom Company Profile
Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.
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