Chunghwa Telecom Co., Ltd (NYSE:CHT) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokers have set a 12 month consensus target price of $34.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 242 out of 256 based on the ratings given to its competitors.
Shares of CHT stock traded down $0.09 during trading hours on Friday, reaching $36.64. 2,708 shares of the company’s stock were exchanged, compared to its average volume of 80,729. The business’s 50 day moving average price is $36.26. The stock has a market cap of $28.49 billion, a P/E ratio of 24.76 and a beta of 0.14. The company has a current ratio of 1.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.02. Chunghwa Telecom has a fifty-two week low of $34.02 and a fifty-two week high of $36.92.
Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Monday, April 29th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Chunghwa Telecom had a return on equity of 9.24% and a net margin of 16.58%. The business had revenue of $1.66 billion for the quarter.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. bought a new stake in shares of Chunghwa Telecom during the fourth quarter valued at approximately $119,000. Northern Trust Corp boosted its position in shares of Chunghwa Telecom by 16.6% during the fourth quarter. Northern Trust Corp now owns 1,345,108 shares of the utilities provider’s stock valued at $48,142,000 after buying an additional 191,815 shares during the last quarter. Natixis Advisors L.P. boosted its position in shares of Chunghwa Telecom by 5.8% during the fourth quarter. Natixis Advisors L.P. now owns 33,351 shares of the utilities provider’s stock valued at $1,193,000 after buying an additional 1,827 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Chunghwa Telecom by 30.5% during the fourth quarter. Bank of America Corp DE now owns 162,576 shares of the utilities provider’s stock valued at $5,819,000 after buying an additional 37,997 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Chunghwa Telecom during the fourth quarter valued at approximately $2,815,000. 2.35% of the stock is currently owned by hedge funds and other institutional investors.
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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