Chunghwa Telecom (NYSE:CHT) Sees Unusually-High Trading Volume – Should You Buy?

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw unusually-strong trading volume on Monday . Approximately 104,630 shares traded hands during trading, an increase of 4% from the previous session’s volume of 100,341 shares.The stock last traded at $38.52 and had previously closed at $38.84.

Analyst Ratings Changes

Separately, StockNews.com raised Chunghwa Telecom from a “hold” rating to a “buy” rating in a report on Friday, January 24th.

Chunghwa Telecom Price Performance

The firm has a market cap of $29.91 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 21.41 and a beta of 0.20. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $38.03 and its 200-day moving average price is $38.12.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. As a group, equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ieq Capital LLC lifted its position in Chunghwa Telecom by 5.7% in the fourth quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 301 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Chunghwa Telecom in the 4th quarter valued at about $54,000. Rhumbline Advisers grew its stake in Chunghwa Telecom by 1.3% during the 4th quarter. Rhumbline Advisers now owns 255,514 shares of the utilities provider’s stock worth $9,620,000 after buying an additional 3,393 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Chunghwa Telecom by 31.0% during the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider’s stock worth $153,000 after buying an additional 961 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Chunghwa Telecom by 16.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 32,544 shares of the utilities provider’s stock worth $1,218,000 after buying an additional 4,657 shares during the period. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.