Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been given an average broker rating score of 4.00 (Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating.
Analysts have set a 12-month consensus price target of $29.66 for the company, according to Zacks. Zacks has also given Chunghwa Telecom Co. an industry rank of 160 out of 265 based on the ratings given to related companies.
Several equities analysts have recently issued reports on the company. TheStreet cut Chunghwa Telecom Co. from a “b” rating to a “c+” rating in a research note on Wednesday, January 25th. Zacks Investment Research raised Chunghwa Telecom Co. from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th.
Institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. acquired a new position in Chunghwa Telecom Co. during the fourth quarter valued at about $104,000. BNP Paribas Arbitrage SA boosted its position in Chunghwa Telecom Co. by 44.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,651 shares during the period. Nuveen Fund Advisors LLC acquired a new position in Chunghwa Telecom Co. during the third quarter valued at about $242,000. Eqis Capital Management Inc. boosted its position in Chunghwa Telecom Co. by 3.6% in the first quarter. Eqis Capital Management Inc. now owns 7,005 shares of the utilities provider’s stock valued at $238,000 after buying an additional 246 shares during the period. Finally, Greenleaf Trust acquired a new position in Chunghwa Telecom Co. during the first quarter valued at about $252,000. 4.11% of the stock is currently owned by hedge funds and other institutional investors.
Chunghwa Telecom Co. (NYSE:CHT) opened at 35.23 on Thursday. The firm’s 50 day moving average price is $34.26 and its 200-day moving average price is $33.20. The company has a market capitalization of $27.33 billion, a PE ratio of 21.48 and a beta of 0.31. Chunghwa Telecom Co. has a 12-month low of $31.28 and a 12-month high of $38.47.
Chunghwa Telecom Co. (NYSE:CHT) last posted its earnings results on Thursday, April 27th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Chunghwa Telecom Co. had a net margin of 17.37% and a return on equity of 10.87%. The business had revenue of $1.75 billion for the quarter. On average, equities analysts anticipate that Chunghwa Telecom Co. will post $1.66 earnings per share for the current fiscal year.
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Chunghwa Telecom Co. Company Profile
Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.
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