Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a 12-month consensus price objective of $34.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 146 out of 255 based on the ratings given to related companies.

Separately, Credit Suisse Group downgraded shares of Chunghwa Telecom from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 8th.

NYSE:CHT opened at $34.85 on Friday. Chunghwa Telecom has a 52-week low of $34.02 and a 52-week high of $39.33. The stock has a market cap of $27.17 billion, a PE ratio of 23.55 and a beta of 0.13.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Wednesday, January 30th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). Chunghwa Telecom had a return on equity of 9.13% and a net margin of 16.28%. The company had revenue of $1.80 billion for the quarter. On average, equities research analysts forecast that Chunghwa Telecom will post 1.44 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC bought a new stake in Chunghwa Telecom in the fourth quarter valued at about $35,000. Rehmann Capital Advisory Group increased its stake in Chunghwa Telecom by 392.7% in the third quarter. Rehmann Capital Advisory Group now owns 1,419 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 1,131 shares during the period. Atlas Capital Advisors LLC increased its stake in Chunghwa Telecom by 485.3% in the fourth quarter. Atlas Capital Advisors LLC now owns 3,313 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 2,747 shares during the period. Citigroup Inc. bought a new stake in Chunghwa Telecom in the fourth quarter valued at about $119,000. Finally, FNY Investment Advisers LLC bought a new stake in Chunghwa Telecom in the fourth quarter valued at about $125,000. 2.83% of the stock is currently owned by institutional investors and hedge funds.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

Recommended Story: What causes a recession?

Get a free copy of the Zacks research report on Chunghwa Telecom (CHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chunghwa Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chunghwa Telecom and related companies with MarketBeat.com's FREE daily email newsletter.