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

Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been assigned an average 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 rating.

Brokers have set a 1-year consensus target price of $34.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 196 out of 256 based on the ratings given to its competitors.

A number of institutional investors have recently bought and sold shares of the business. Advisor Partners LLC purchased a new stake in shares of Chunghwa Telecom during the 4th quarter valued at about $276,000. Atlas Capital Advisors LLC increased its position in shares of Chunghwa Telecom by 485.3% during the 4th quarter. Atlas Capital Advisors LLC now owns 3,313 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 2,747 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Chunghwa Telecom by 2.8% during the 4th quarter. Wetherby Asset Management Inc. now owns 41,881 shares of the utilities provider’s stock valued at $1,499,000 after purchasing an additional 1,135 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Chunghwa Telecom by 1.1% during the 4th quarter. TD Asset Management Inc. now owns 1,747,000 shares of the utilities provider’s stock valued at $62,525,000 after purchasing an additional 18,500 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Chunghwa Telecom by 41.0% during the 4th quarter. Parallel Advisors LLC now owns 10,761 shares of the utilities provider’s stock valued at $385,000 after purchasing an additional 3,127 shares during the last quarter. 2.35% of the stock is owned by institutional investors.

NYSE:CHT traded down $0.02 during mid-day trading on Friday, reaching $35.69. 46,278 shares of the stock were exchanged, compared to its average volume of 54,644. The company has a market capitalization of $27.70 billion, a PE ratio of 24.11 and a beta of 0.13. The company has a quick ratio of 1.43, a current ratio of 1.66 and a debt-to-equity ratio of 0.02. Chunghwa Telecom has a 1 year low of $34.02 and a 1 year high of $36.99.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Monday, April 29th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Chunghwa Telecom had a return on equity of 9.24% and a net margin of 16.58%. The firm had revenue of $1.66 billion for 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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