Zacks: Chunghwa Telecom Co., Ltd (CHT) Receives Average Recommendation of “Hold” from Analysts

Chunghwa Telecom Co., Ltd (NYSE:CHT) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a one year consensus price objective of $36.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 189 out of 255 based on the ratings given to related companies.

CHT has been the subject of a number of recent analyst reports. Deutsche Bank lowered Chunghwa Telecom from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Morgan Stanley lowered Chunghwa Telecom from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 7th.

A number of institutional investors have recently made changes to their positions in CHT. Adviser Investments LLC bought a new position in Chunghwa Telecom during the first quarter valued at approximately $101,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Chunghwa Telecom during the first quarter valued at approximately $117,000. Cypress Wealth Advisors LLC bought a new position in Chunghwa Telecom during the first quarter valued at approximately $202,000. Evergreen Capital Management LLC bought a new position in Chunghwa Telecom during the first quarter valued at approximately $224,000. Finally, Segall Bryant & Hamill LLC bought a new position in Chunghwa Telecom during the first quarter valued at approximately $233,000. 2.92% of the stock is owned by institutional investors.

Shares of NYSE CHT traded down $0.09 during mid-day trading on Friday, reaching $34.59. The company’s stock had a trading volume of 104,108 shares, compared to its average volume of 113,569. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 21.67 and a beta of 0.29. Chunghwa Telecom has a 52 week low of $33.10 and a 52 week high of $39.33.

The company also recently declared an annual dividend, which will be paid on Friday, August 31st. Investors of record on Monday, July 23rd will be paid a dividend of $1.5901 per share. This represents a yield of 4.39%. The ex-dividend date is Friday, July 20th. Chunghwa Telecom’s payout ratio is presently 75.61%.

About Chunghwa Telecom

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.

See Also: What are Closed-End Mutual Funds?

Get a free copy of the Zacks research report on Chunghwa Telecom (CHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chunghwa Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chunghwa Telecom and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply