BidaskClub upgraded shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) from a sell rating to a hold rating in a report released on Saturday morning.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Chunghwa Telecom Co. from a hold rating to a buy rating and set a $40.00 price target on the stock in a report on Monday, May 29th. UBS AG lowered shares of Chunghwa Telecom Co. from a buy rating to a sell rating in a report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Chunghwa Telecom Co. presently has a consensus rating of Hold and a consensus target price of $40.00.

Chunghwa Telecom Co. (NYSE:CHT) opened at 34.52 on Friday. The firm has a market cap of $26.78 billion, a P/E ratio of 21.44 and a beta of 0.33. The firm’s 50-day moving average price is $34.44 and its 200 day moving average price is $34.36. Chunghwa Telecom Co. has a 12-month low of $31.28 and a 12-month high of $36.79.

Chunghwa Telecom Co. (NYSE:CHT) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $1.84 billion for the quarter. Chunghwa Telecom Co. had a net margin of 16.49% and a return on equity of 10.26%. Analysts forecast that Chunghwa Telecom Co. will post $1.66 earnings per share for the current fiscal year.

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The company also recently declared an annual dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, July 21st will be issued a $1.6294 dividend. This represents a yield of 4.57%. The ex-dividend date of this dividend is Wednesday, July 19th. This is a positive change from Chunghwa Telecom Co.’s previous annual dividend of $1.33. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is 82.58%.

A number of large investors have recently made changes to their positions in CHT. Royal Bank of Canada raised its stake in shares of Chunghwa Telecom Co. by 137.7% in the second quarter. Royal Bank of Canada now owns 3,705 shares of the utilities provider’s stock worth $131,000 after buying an additional 2,146 shares during the period. OxFORD Asset Management LLP purchased a new stake in shares of Chunghwa Telecom Co. during the second quarter worth about $526,000. Dimensional Fund Advisors LP raised its stake in shares of Chunghwa Telecom Co. by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 881,311 shares of the utilities provider’s stock worth $31,040,000 after buying an additional 17,130 shares during the period. Renaissance Technologies LLC raised its stake in shares of Chunghwa Telecom Co. by 1.7% in the second quarter. Renaissance Technologies LLC now owns 2,796,148 shares of the utilities provider’s stock worth $98,480,000 after buying an additional 45,764 shares during the period. Finally, FMR LLC raised its stake in shares of Chunghwa Telecom Co. by 28.4% in the second quarter. FMR LLC now owns 55,100 shares of the utilities provider’s stock worth $1,941,000 after buying an additional 12,200 shares during the period. 3.24% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Co. 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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