Shares of Chunghwa Telecom (NYSE:CHT) hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $39.06 and last traded at $38.86, with a volume of 45055 shares. The stock had previously closed at $38.92.
Separately, Zacks Investment Research upgraded Chunghwa Telecom from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th.
The stock has a market cap of $30,192.00, a PE ratio of 23.52, a PEG ratio of 4.38 and a beta of 0.32.
Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $2.02 billion for the quarter. Chunghwa Telecom had a return on equity of 10.57% and a net margin of 17.08%. equities analysts forecast that Chunghwa Telecom will post 1.69 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. OxFORD Asset Management LLP increased its position in Chunghwa Telecom by 164.2% during the 3rd quarter. OxFORD Asset Management LLP now owns 39,479 shares of the utilities provider’s stock worth $1,347,000 after purchasing an additional 24,536 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Chunghwa Telecom by 4.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 466,828 shares of the utilities provider’s stock worth $15,924,000 after purchasing an additional 19,208 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Chunghwa Telecom by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 891,713 shares of the utilities provider’s stock worth $30,399,000 after purchasing an additional 10,402 shares during the period. Schroder Investment Management Group lifted its stake in shares of Chunghwa Telecom by 2.2% during the 4th quarter. Schroder Investment Management Group now owns 830,820 shares of the utilities provider’s stock worth $29,444,000 after purchasing an additional 18,227 shares during the period. Finally, Suntrust Banks Inc. purchased a new position in shares of Chunghwa Telecom during the 4th quarter worth $210,000. Hedge funds and other institutional investors own 2.98% of the company’s stock.
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Chunghwa Telecom Company Profile
Chunghwa Telecom Co, Ltd. engages in the provision of telecommunication and information related services. It operates through the following business segments: Domestic Fixed Communications, Mobile Communications, Internet, International Fixed Communications, and Others. The company was founded on June 15, 1996 and is headquartered in Taipei, Taiwan.
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