Chunghwa Telecom (NYSE:CHT) Rating Increased to Hold at Zacks Research

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

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Chunghwa Telecom has a consensus rating of “Hold”.

Chunghwa Telecom Stock Down 1.4%

Chunghwa Telecom stock opened at $44.50 on Tuesday. Chunghwa Telecom has a 1-year low of $39.28 and a 1-year high of $47.03. The business has a fifty day moving average price of $44.13 and a 200-day moving average price of $42.91. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46. The stock has a market capitalization of $34.52 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.99 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%.The business had revenue of $1.88 billion during the quarter. Equities research analysts forecast that Chunghwa Telecom will post 1.57 EPS for the current fiscal year.

Institutional Trading of Chunghwa Telecom

Several institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC purchased a new stake in shares of Chunghwa Telecom in the 2nd quarter valued at $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Chunghwa Telecom during the fourth quarter worth $59,000. Inspire Investing LLC purchased a new position in shares of Chunghwa Telecom during the fourth quarter worth $75,000. SG Americas Securities LLC acquired a new position in Chunghwa Telecom during the fourth quarter valued at $130,000. Finally, Focus Partners Wealth acquired a new position in Chunghwa Telecom during the third quarter valued at $143,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

About Chunghwa Telecom

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.