Chunghwa Telecom (NYSE:CHT) Raised to “Hold” at Zacks Research

Chunghwa Telecom (NYSE:CHT – Get Free Report) was upgraded by Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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Chunghwa Telecom Stock Performance

Shares of Chunghwa Telecom stock opened at $44.50 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $44.13 and its 200-day moving average price is $42.91. The firm has a market cap of $34.52 billion, a P/E ratio of 27.14, a P/E/G ratio of 1.99 and a beta of 0.29. Chunghwa Telecom has a 12 month low of $39.28 and a 12 month high of $47.03.

Chunghwa Telecom (NYSE:CHT – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. The company had revenue of $1.88 billion during the quarter. On average, equities research analysts expect that Chunghwa Telecom will post 1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chunghwa Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC bought a new position in Chunghwa Telecom in the second quarter worth about $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter valued at about $59,000. Inspire Investing LLC bought a new stake in shares of Chunghwa Telecom in the 4th quarter valued at about $75,000. SG Americas Securities LLC purchased a new position in shares of Chunghwa Telecom in the 4th quarter worth approximately $130,000. Finally, Focus Partners Wealth purchased a new position in shares of Chunghwa Telecom in the 3rd quarter worth approximately $143,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

About Chunghwa Telecom

(Get Free Report)

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.

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