Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) have earned a consensus broker rating score of 4.00 (Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation.
Analysts have set a twelve-month consensus price target of $29.66 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom Co. an industry rank of 43 out of 265 based on the ratings given to its competitors.
Separately, BidaskClub upgraded Chunghwa Telecom Co. from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHT. Ameriprise Financial Inc. grew its position in Chunghwa Telecom Co. by 41.8% during the 1st quarter. Ameriprise Financial Inc. now owns 11,769 shares of the utilities provider’s stock worth $400,000 after acquiring an additional 3,472 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Chunghwa Telecom Co. by 22.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 120,281 shares of the utilities provider’s stock valued at $4,087,000 after buying an additional 22,269 shares during the last quarter. Vanguard Group Inc. boosted its position in Chunghwa Telecom Co. by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 4,464,764 shares of the utilities provider’s stock valued at $151,712,000 after buying an additional 138,874 shares during the last quarter. Lazard Asset Management LLC boosted its position in Chunghwa Telecom Co. by 3,352.2% in the 1st quarter. Lazard Asset Management LLC now owns 12,359 shares of the utilities provider’s stock valued at $419,000 after buying an additional 12,001 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Chunghwa Telecom Co. in the 1st quarter valued at $344,000. Institutional investors and hedge funds own 3.21% of the company’s stock.
Chunghwa Telecom Co. (NYSE:CHT) traded up 0.06% on Friday, reaching $33.84. The company had a trading volume of 26,243 shares. The company has a 50-day moving average of $34.15 and a 200 day moving average of $34.58. Chunghwa Telecom Co. has a one year low of $31.28 and a one year high of $36.37. The stock has a market cap of $26.25 billion, a price-to-earnings ratio of 20.89 and a beta of 0.30.
Chunghwa Telecom Co. (NYSE:CHT) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. Chunghwa Telecom Co. had a return on equity of 10.26% and a net margin of 16.49%. The company had revenue of $1.84 billion for the quarter. On average, equities research analysts predict that Chunghwa Telecom Co. will post $1.66 EPS for the current year.
About Chunghwa Telecom Co.
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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