Chunghwa Telecom (NYSE:CHT) Upgraded to Buy at StockNews.com

Chunghwa Telecom (NYSE:CHT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Chunghwa Telecom Trading Down 0.0 %

Shares of NYSE:CHT traded down $0.01 during midday trading on Monday, hitting $39.28. 172,110 shares of the stock traded hands, compared to its average volume of 91,130. 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 stock has a market capitalization of $30.47 billion, a PE ratio of 26.36, a P/E/G ratio of 21.42 and a beta of 0.19. Chunghwa Telecom has a one year low of $35.92 and a one year high of $40.62. The business’s 50 day moving average is $38.51 and its two-hundred day moving average is $38.39.

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

Hedge Funds Weigh In On Chunghwa Telecom

Several hedge funds and other institutional investors have recently modified their holdings of CHT. Public Employees Retirement System of Ohio lifted its stake in shares of Chunghwa Telecom by 15.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 119,556 shares of the utilities provider’s stock valued at $4,501,000 after purchasing an additional 16,325 shares during the period. Vident Advisory LLC lifted its position in Chunghwa Telecom by 80.9% during the fourth quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider’s stock valued at $5,233,000 after buying an additional 62,147 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Chunghwa Telecom by 46.2% during the 4th quarter. Quantinno Capital Management LP now owns 29,190 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 9,219 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings 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 buying an additional 1,457 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Chunghwa Telecom in the 4th quarter worth about $266,000. Hedge funds and other institutional investors 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.