Chunghwa Telecom (NYSE:CHT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Chunghwa Telecom Co., Ltd. (NYSE:CHT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.45 and traded as high as $42.53. Chunghwa Telecom shares last traded at $42.2950, with a volume of 122,225 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Zacks Research upgraded shares of Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Chunghwa Telecom has an average rating of “Hold”.

Chunghwa Telecom Stock Performance

The business’s fifty day moving average price is $42.61 and its two-hundred day moving average price is $42.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.32 and a current ratio of 1.49. The stock has a market capitalization of $33.07 billion, a P/E ratio of 26.48, a P/E/G ratio of 5.68 and a beta of 0.31.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $2.09 billion during the quarter. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.82%. As a group, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Chunghwa Telecom

Several institutional investors have recently made changes to their positions in CHT. Farther Finance Advisors LLC lifted its holdings in shares of Chunghwa Telecom by 65.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 344 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Chunghwa Telecom in the 2nd quarter worth about $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter worth about $59,000. Westside Investment Management Inc. lifted its holdings in shares of Chunghwa Telecom by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 719 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter worth about $75,000. Institutional investors own 2.11% of the company’s stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.