TheStreet upgraded shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) from a c+ rating to a b rating in a research report released on Thursday morning.

Several other analysts have also commented on CHT. Zacks Investment Research raised Chunghwa Telecom Co. from a sell rating to a hold rating in a report on Friday, November 25th. Citigroup Inc lowered Chunghwa Telecom Co. from a neutral rating to a sell rating in a report on Thursday, December 8th.

Chunghwa Telecom Co. (NYSE:CHT) opened at 34.82 on Thursday. The company has a market capitalization of $27.01 billion, a price-to-earnings ratio of 20.85 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. The stock’s 50 day moving average price is $32.77 and its 200 day moving average price is $33.52.

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Institutional investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. acquired a new position in Chunghwa Telecom Co. during the fourth quarter worth $104,000. Mizuho Trust & Banking Co. Ltd. raised its position in Chunghwa Telecom Co. by 54.3% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 3,694 shares of the company’s stock worth $129,000 after buying an additional 1,300 shares during the period. Quantbot Technologies LP acquired a new position in Chunghwa Telecom Co. during the third quarter worth $130,000. Tdam USA Inc. acquired a new position in Chunghwa Telecom Co. during the third quarter worth $202,000. Finally, Nuveen Fund Advisors LLC acquired a new position in Chunghwa Telecom Co. during the third quarter worth $242,000. 4.11% of the stock is owned by hedge funds and other institutional investors.

About Chunghwa Telecom Co.

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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