Chunghwa Telecom (NYSE:CHT) Reaches New 52-Week High – Still a Buy?

Chunghwa Telecom Co., Ltd. (NYSE:CHT)’s stock price hit a new 52-week high during trading on Monday. The company traded as high as $48.99 and last traded at $48.5690, with a volume of 153,005 shares trading hands. The stock had previously closed at $48.51.

Analyst Upgrades and Downgrades

CHT has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Thursday, October 15th. Zacks Research upgraded Chunghwa Telecom from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 17th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Chunghwa Telecom Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.07. The company has a market capitalization of $37.74 billion, a P/E ratio of 29.42, a P/E/G ratio of 2.15 and a beta of 0.27. The stock’s 50 day simple moving average is $45.22 and its two-hundred day simple moving average is $44.12.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Monday, October 12th. The utilities provider reported $0.49 earnings per share for the quarter. The company had revenue of $2.12 billion for the quarter. Chunghwa Telecom had a return on equity of 10.00% and a net margin of 16.11%. As a group, research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC boosted its position in shares of Chunghwa Telecom by 153.7% during the 2nd quarter. Cornerstone Financial Management LLC now owns 728 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 441 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Chunghwa Telecom by 76.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 872 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 377 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Chunghwa Telecom during the 2nd quarter worth about $102,000. Keybank National Association OH bought a new stake in Chunghwa Telecom in the first quarter worth approximately $218,000. Finally, Glenmede Trust Co. NA acquired a new stake in shares of Chunghwa Telecom in the 1st quarter valued at about $218,000. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is Taiwan’s largest integrated telecommunications provider and the country’s former state-owned telecommunications operator. The company was established in 1996 following the corporatization of Taiwan’s Directorate General of Telecommunications and was subsequently privatized. Chunghwa Telecom is headquartered in New Taipei City, Taiwan.

The company provides fixed-line voice services, mobile communications, broadband internet access, and related digital communications products.