Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Chunghwa Telecom’s rating score has improved by 25% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price objective of $36.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 177 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Chunghwa Telecom from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th.
A number of hedge funds have recently added to or reduced their stakes in CHT. Vanguard Group Inc. grew its stake in Chunghwa Telecom by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,759,680 shares of the utilities provider’s stock worth $167,635,000 after buying an additional 294,916 shares in the last quarter. TD Asset Management Inc. grew its stake in Chunghwa Telecom by 8.7% in the 3rd quarter. TD Asset Management Inc. now owns 1,580,800 shares of the utilities provider’s stock worth $53,921,000 after buying an additional 127,000 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Chunghwa Telecom in the 3rd quarter worth approximately $2,825,000. Hexavest Inc. grew its stake in Chunghwa Telecom by 26.0% in the 4th quarter. Hexavest Inc. now owns 319,563 shares of the utilities provider’s stock worth $11,325,000 after buying an additional 65,974 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Chunghwa Telecom by 7.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 387,957 shares of the utilities provider’s stock worth $13,234,000 after buying an additional 26,568 shares in the last quarter. 3.09% of the stock is owned by institutional investors and hedge funds.
Chunghwa Telecom (NYSE CHT) opened at $36.80 on Friday. The company has a market cap of $28,291.42, a P/E ratio of 22.30, a P/E/G ratio of 4.10 and a beta of 0.35. Chunghwa Telecom has a 12 month low of $32.35 and a 12 month high of $37.53.
Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $0.37 EPS for the quarter. The company had revenue of $2.02 billion during the quarter. Chunghwa Telecom had a net margin of 17.08% and a return on equity of 10.63%. analysts predict that Chunghwa Telecom will post 1.69 earnings per share for the current fiscal year.
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About Chunghwa Telecom
Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.
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