Chunghwa Telecom (NYSE:CHT) Stock Rating Upgraded by Zacks Research

Chunghwa Telecom (NYSE:CHT) was upgraded by equities researchers at Zacks Research to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Chunghwa Telecom Price Performance

Shares of CHT stock traded up $0.02 during trading on Monday, hitting $41.90. The company had a trading volume of 61,224 shares, compared to its average volume of 174,389. The firm has a market capitalization of $32.50 billion, a P/E ratio of 26.52 and a beta of 0.30. Chunghwa Telecom has a one year low of $37.03 and a one year high of $47.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.30 and a current ratio of 1.50. The stock’s 50-day moving average price is $41.71 and its 200 day moving average price is $43.27.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Monday, November 10th. The utilities provider reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Chunghwa Telecom had a net margin of 16.30% and a return on equity of 9.80%. Equities analysts expect that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC increased its position in Chunghwa Telecom by 1.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 14,822 shares of the utilities provider’s stock valued at $647,000 after buying an additional 245 shares in the last quarter. Compound Planning Inc. grew its stake in Chunghwa Telecom by 2.6% in the third quarter. Compound Planning Inc. now owns 9,802 shares of the utilities provider’s stock valued at $428,000 after acquiring an additional 251 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Chunghwa Telecom by 65.9% during the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 344 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Chunghwa Telecom by 3.1% during the second quarter. Yousif Capital Management LLC now owns 12,229 shares of the utilities provider’s stock worth $570,000 after purchasing an additional 365 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Chunghwa Telecom by 1.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,076 shares of the utilities provider’s stock worth $1,399,000 after purchasing an additional 425 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.