Zacks: Chunghwa Telecom Co., Ltd (NYSE:CHT) Given $34.00 Average Target Price by Brokerages

Chunghwa Telecom Co., Ltd (NYSE:CHT) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 1 year consensus price objective of $34.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 202 out of 256 based on the ratings given to related companies.

NYSE CHT opened at $33.87 on Monday. The company has a market cap of $26.27 billion, a PE ratio of 22.89 and a beta of 0.14. Chunghwa Telecom has a one year low of $33.79 and a one year high of $36.92. The company has a quick ratio of 1.43, a current ratio of 1.66 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $36.07.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of Chunghwa Telecom by 21.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,034 shares of the utilities provider’s stock worth $294,000 after purchasing an additional 1,419 shares during the period. TD Asset Management Inc. raised its holdings in Chunghwa Telecom by 0.4% in the second quarter. TD Asset Management Inc. now owns 1,690,000 shares of the utilities provider’s stock worth $61,753,000 after purchasing an additional 6,400 shares in the last quarter. Signaturefd LLC raised its holdings in Chunghwa Telecom by 6.0% in the second quarter. Signaturefd LLC now owns 11,079 shares of the utilities provider’s stock worth $405,000 after purchasing an additional 626 shares in the last quarter. Aperio Group LLC grew its stake in shares of Chunghwa Telecom by 5.4% in the second quarter. Aperio Group LLC now owns 1,368,387 shares of the utilities provider’s stock worth $50,001,000 after acquiring an additional 70,050 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Chunghwa Telecom during the second quarter valued at $204,000. Institutional investors own 2.35% of the company’s stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

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