Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) have been given a consensus broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating.

Brokers 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 79 out of 265 based on the ratings given to its competitors.

Separately, BidaskClub lowered shares of Chunghwa Telecom Co. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.

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Chunghwa Telecom Co. (CHT) traded down 0.806% during midday trading on Friday, reaching $33.835. The company’s stock had a trading volume of 68,522 shares. The stock has a market capitalization of $26.25 billion, a PE ratio of 20.886 and a beta of 0.30. The firm’s 50-day moving average price is $34.19 and its 200-day moving average price is $34.60. Chunghwa Telecom Co. has a 52 week low of $31.28 and a 52 week high of $36.37.

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

A number of institutional investors have recently made changes to their positions in the business. Sei Investments Co. raised its holdings in shares of Chunghwa Telecom Co. by 65.8% in the 2nd quarter. Sei Investments Co. now owns 3,188 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 1,265 shares in the last quarter. Royal Bank of Canada lifted its position 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 last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Chunghwa Telecom Co. by 44.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock worth $183,000 after buying an additional 1,651 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Chunghwa Telecom Co. during the 2nd quarter worth about $270,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Chunghwa Telecom Co. by 13.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 8,045 shares of the utilities provider’s stock worth $273,000 after acquiring an additional 976 shares in the last quarter. 3.24% of the stock is currently 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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