Chunghwa Telecom (NYSE:CHT) Hits New 1-Year High – Still a Buy?

Chunghwa Telecom Co., Ltd. (NYSE:CHT) shares reached a new 52-week high during trading on Wednesday. The stock traded as high as $46.48 and last traded at $46.4550, with a volume of 52,247 shares traded. The stock had previously closed at $46.10.

Analysts Set New Price Targets

Several brokerages have weighed in on CHT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Friday, July 17th. Zacks Research upgraded Chunghwa Telecom from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 17th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Chunghwa Telecom presently has an average rating of “Hold”.

Chunghwa Telecom Stock Up 1.1%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.07. The business’s fifty day moving average price is $44.35 and its two-hundred day moving average price is $43.81. The stock has a market capitalization of $36.17 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 2.05 and a beta of 0.27.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Thursday, September 10th. The utilities provider reported $0.49 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 10.00% and a net margin of 16.11%. The business had revenue of $2.12 billion for the quarter. On average, equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in shares of Chunghwa Telecom by 1.3% in the first quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider’s stock worth $116,806,000 after acquiring an additional 36,820 shares during the period. Dimensional Fund Advisors LP raised its holdings in Chunghwa Telecom by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 548,080 shares of the utilities provider’s stock valued at $23,145,000 after acquiring an additional 31,280 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Chunghwa Telecom by 41.2% during the 1st quarter. Quantinno Capital Management LP now owns 297,210 shares of the utilities provider’s stock valued at $12,554,000 after acquiring an additional 86,786 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of Chunghwa Telecom by 1.0% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 163,363 shares of the utilities provider’s stock valued at $7,230,000 after buying an additional 1,578 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Chunghwa Telecom by 1.5% during the 1st quarter. First Trust Advisors LP now owns 111,312 shares of the utilities provider’s stock worth $4,702,000 after purchasing an additional 1,659 shares during the period. 2.11% of the stock is owned by hedge funds and other institutional investors.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is Taiwan’s largest integrated telecommunications provider and the country’s former state-owned incumbent carrier. The company was established in 1996 following the corporatization of Taiwan’s Directorate General of Telecommunications and is headquartered in Taipei. Its American depositary shares trade on the New York Stock Exchange under the symbol CHT.

Chunghwa Telecom provides fixed-line telephone services, mobile communications, broadband internet access, and related digital connectivity products.