Chunghwa Telecom (NYSE:CHT) Upgraded to “Hold” at Zacks Research

Chunghwa Telecom (NYSE:CHT) was upgraded by Zacks Research to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Chunghwa Telecom Stock Down 0.4%

CHT stock opened at $41.85 on Monday. The business’s 50-day moving average price is $41.71 and its 200-day moving average price is $43.27. The stock has a market cap of $32.46 billion, a P/E ratio of 26.49 and a beta of 0.30. Chunghwa Telecom has a twelve month low of $36.71 and a twelve month high of $47.03. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Monday, November 10th. The utilities provider reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.93 billion. Chunghwa Telecom had a net margin of 16.30% and a return on equity of 9.80%. On average, equities research analysts forecast that Chunghwa Telecom will post 1.44 EPS for the current year.

Hedge Funds Weigh In On Chunghwa Telecom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in shares of Chunghwa Telecom during the 2nd quarter valued at approximately $25,000. Westside Investment Management Inc. bought a new position in Chunghwa Telecom during the second quarter valued at $34,000. Hantz Financial Services Inc. lifted its position in Chunghwa Telecom by 1,083.1% during the second quarter. Hantz Financial Services Inc. now owns 840 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 769 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Chunghwa Telecom by 65.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock worth $38,000 after buying an additional 344 shares in the last quarter. Finally, Smartleaf Asset Management LLC bought a new stake in shares of Chunghwa Telecom in the 2nd quarter worth about $53,000. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.