Zacks: Brokerages Set $36.00 Price Target for Chunghwa Telecom Co., Ltd (CHT)

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 company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a one year consensus price target of $36.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 245 out of 255 based on the ratings given to related companies.

Shares of Chunghwa Telecom traded up $0.12, hitting $35.88, during midday trading on Thursday, MarketBeat.com reports. The company had a trading volume of 96,600 shares, compared to its average volume of 113,808. The company has a market cap of $28.04 billion, a price-to-earnings ratio of 21.88 and a beta of 0.31. Chunghwa Telecom has a 1-year low of $33.10 and a 1-year high of $39.33.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Friday, April 27th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $1.83 billion for the quarter. Chunghwa Telecom had a net margin of 16.55% and a return on equity of 10.05%.

The firm also recently declared an annual dividend, which will be paid on Friday, August 31st. Shareholders of record on Monday, July 23rd will be paid a dividend of $1.5901 per share. The ex-dividend date of this dividend is Friday, July 20th. This represents a yield of 4.39%. Chunghwa Telecom’s dividend payout ratio is currently 78.66%.

A number of institutional investors and hedge funds have recently bought and sold shares of CHT. Adviser Investments LLC bought a new position in shares of Chunghwa Telecom during the first quarter valued at $101,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Chunghwa Telecom during the first quarter valued at $117,000. Cypress Wealth Advisors LLC bought a new position in shares of Chunghwa Telecom during the first quarter valued at $202,000. Suntrust Banks Inc. bought a new position in shares of Chunghwa Telecom during the fourth quarter valued at $210,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Chunghwa Telecom during the first quarter valued at $224,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.

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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