Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus price objective of $34.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 232 out of 256 based on the ratings given to related companies.
NYSE CHT traded up $0.11 on Monday, reaching $34.86. 1,521 shares of the stock traded hands, compared to its average volume of 69,967. The stock’s fifty day moving average price is $36.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.43 and a current ratio of 1.66. The company has a market capitalization of $27.00 billion, a P/E ratio of 23.55 and a beta of 0.14. Chunghwa Telecom has a 12 month low of $34.02 and a 12 month 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, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.66 billion during the quarter. Chunghwa Telecom had a return on equity of 9.24% and a net margin of 16.58%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its stake in shares of Chunghwa Telecom by 32.0% during the 1st quarter. Lindbrook Capital LLC now owns 1,305 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 316 shares in the last quarter. Citigroup Inc. bought a new stake in shares of Chunghwa Telecom during the 4th quarter worth $119,000. BNP Paribas Arbitrage SA boosted its stake in shares of Chunghwa Telecom by 31.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,533 shares of the utilities provider’s stock worth $197,000 after acquiring an additional 1,313 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Chunghwa Telecom during the 2nd quarter worth $204,000. Finally, Advisor Partners LLC boosted its stake in shares of Chunghwa Telecom by 9.5% during the 1st quarter. Advisor Partners LLC now owns 8,451 shares of the utilities provider’s stock worth $300,000 after acquiring an additional 735 shares in the last quarter. 2.35% of the stock is owned by institutional investors and hedge funds.
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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