Chunghwa Telecom Co., Ltd (CHT) Given Average Recommendation of “Hold” by Analysts

Chunghwa Telecom Co., Ltd (NYSE:CHT) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation. Chunghwa Telecom’s rating score has improved by 25% in the last three months as a result of a number of analysts’ ratings changes.

Brokerages have set a 1-year consensus price objective of $36.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 209 out of 265 based on the ratings given to related companies.

Shares of Chunghwa Telecom (CHT) traded up $0.03 during midday trading on Friday, hitting $36.50. 49,800 shares of the stock were exchanged, compared to its average volume of 162,613. The firm has a market capitalization of $28,480.00, a PE ratio of 22.12, a price-to-earnings-growth ratio of 4.11 and a beta of 0.31. Chunghwa Telecom has a 1-year low of $31.28 and a 1-year high of $36.63.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its position in shares of Chunghwa Telecom by 65.8% in the second quarter. Sei Investments Co. now owns 3,188 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,265 shares during the last quarter. Royal Bank of Canada raised its position in shares of Chunghwa Telecom by 137.7% in the second quarter. Royal Bank of Canada now owns 3,705 shares of the utilities provider’s stock valued at $131,000 after buying an additional 2,146 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Chunghwa Telecom by 16.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,258 shares of the utilities provider’s stock valued at $220,000 after buying an additional 875 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of Chunghwa Telecom in the third quarter valued at about $239,000. Finally, Commonwealth Bank of Australia raised its position in shares of Chunghwa Telecom by 9.1% in the second quarter. Commonwealth Bank of Australia now owns 10,644 shares of the utilities provider’s stock valued at $374,000 after buying an additional 886 shares during the last quarter. Institutional investors and hedge funds own 3.13% of the company’s stock.

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Chunghwa Telecom 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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