Chunghwa Telecom (NYSE:CHT) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Chunghwa Telecom (NYSE:CHT) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Chunghwa Telecom Price Performance

Shares of NYSE:CHT opened at $39.16 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $30.37 billion, a P/E ratio of 26.28, a PEG ratio of 21.42 and a beta of 0.19. Chunghwa Telecom has a 52 week low of $35.92 and a 52 week high of $40.62. The company has a 50-day moving average price of $38.33 and a 200 day moving average price of $38.38.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data 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%. Research analysts predict that Chunghwa Telecom will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Chunghwa Telecom

Hedge funds have recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Chunghwa Telecom during the 4th quarter valued at approximately $54,000. BNP Paribas Financial Markets lifted its position in shares of Chunghwa Telecom by 617.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 1,457 shares during the period. GAMMA Investing LLC lifted its position in shares of Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 1,285 shares during the period. GeoWealth Management LLC acquired a new stake in shares of Chunghwa Telecom during the 4th quarter valued at approximately $117,000. Finally, R Squared Ltd acquired a new stake in shares of Chunghwa Telecom during the 4th quarter valued at approximately $127,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

About Chunghwa Telecom

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.