Chunghwa Telecom Co., Ltd (CHT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also given Chunghwa Telecom an industry rank of 29 out of 257 based on the ratings given to its competitors.

Separately, HSBC lowered shares of Chunghwa Telecom from a “hold” rating to a “reduce” rating in a report on Wednesday, October 31st.

Several hedge funds have recently bought and sold shares of CHT. Advisors Asset Management Inc. grew its holdings in shares of Chunghwa Telecom by 990.4% in the second quarter. Advisors Asset Management Inc. now owns 702,947 shares of the utilities provider’s stock valued at $1,584,000 after purchasing an additional 638,479 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Chunghwa Telecom by 666.7% in the second quarter. Jane Street Group LLC now owns 130,970 shares of the utilities provider’s stock valued at $4,727,000 after purchasing an additional 113,888 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Chunghwa Telecom by 2.4% in the second quarter. Renaissance Technologies LLC now owns 3,225,484 shares of the utilities provider’s stock valued at $115,859,000 after purchasing an additional 76,100 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Chunghwa Telecom by 8.3% in the third quarter. Schroder Investment Management Group now owns 689,596 shares of the utilities provider’s stock valued at $24,763,000 after purchasing an additional 53,031 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Chunghwa Telecom by 17,593.1% in the third quarter. Rehmann Capital Advisory Group now owns 50,956 shares of the utilities provider’s stock valued at $1,419,000 after purchasing an additional 50,668 shares in the last quarter. 2.80% of the stock is owned by hedge funds and other institutional investors.

Shares of CHT opened at $34.65 on Wednesday. Chunghwa Telecom has a 1 year low of $34.02 and a 1 year high of $39.33. The company has a market cap of $27.09 billion, a price-to-earnings ratio of 21.13 and a beta of 0.31.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 15.98% and a return on equity of 9.29%. The business had revenue of $1.72 billion during the quarter.

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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