Chunghwa Telecom Co., Ltd. (NYSE:CHT) has received an average broker rating score of 4.00 (Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating.

Analysts have set a one year consensus price target of $29.66 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom Co. an industry rank of 58 out of 265 based on the ratings given to related companies.

Several analysts have recently weighed in on the company. BidaskClub downgraded Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, May 29th.

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Institutional investors have recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of Chunghwa Telecom Co. by 65.8% during the second quarter. Sei Investments Co. now owns 3,188 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,265 shares during the period. Royal Bank of Canada increased its stake in shares of Chunghwa Telecom Co. by 137.7% during the second quarter. Royal Bank of Canada now owns 3,705 shares of the utilities provider’s stock valued at $131,000 after buying an additional 2,146 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Chunghwa Telecom Co. by 44.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,651 shares during the period. Trexquant Investment LP purchased a new position in shares of Chunghwa Telecom Co. during the second quarter valued at $270,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Chunghwa Telecom Co. by 13.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 8,045 shares of the utilities provider’s stock valued at $273,000 after buying an additional 976 shares during the period. Hedge funds and other institutional investors own 3.24% of the company’s stock.

Shares of Chunghwa Telecom Co. (CHT) traded down 0.12% on Thursday, hitting $34.23. 78,065 shares of the company traded hands. Chunghwa Telecom Co. has a 1-year low of $31.28 and a 1-year high of $36.37. The stock has a market capitalization of $26.55 billion, a price-to-earnings ratio of 21.26 and a beta of 0.32. The firm’s 50 day moving average price is $34.19 and its 200-day moving average price is $34.59.

Chunghwa Telecom Co. (NYSE:CHT) last issued 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 company had revenue of $1.84 billion during the quarter. Chunghwa Telecom Co. had a return on equity of 10.26% and a net margin of 16.49%. On average, equities research analysts expect that Chunghwa Telecom Co. will post $1.66 earnings per share for the current year.

The firm also recently announced an annual dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, July 21st were given a dividend of $1.6294 per share. This represents a dividend yield of 4.57%. This is an increase from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date of this dividend was Wednesday, July 19th. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is 83.23%.

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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