Chunghwa Telecom (NYSE:CHT) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.04 and traded as high as $44.37. Chunghwa Telecom shares last traded at $44.05, with a volume of 133,436 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Zacks Research raised shares of Chunghwa Telecom to a “hold” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Chunghwa Telecom Trading Up 0.1%

The firm has a market cap of $34.17 billion, a PE ratio of 26.86, a PEG ratio of 1.94 and a beta of 0.29. The firm has a fifty day simple moving average of $44.30 and a two-hundred day simple moving average of $43.04. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%.The firm had revenue of $1.88 billion for the quarter. Equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.57 EPS for the current year.

Chunghwa Telecom Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.6525 per share. This represents a yield of 370.0%. The ex-dividend date of this dividend is Thursday, July 9th. Chunghwa Telecom’s payout ratio is presently 79.27%.

Institutional Investors Weigh In On Chunghwa Telecom

A number of large investors have recently modified their holdings of CHT. AQR Capital Management LLC bought a new position in Chunghwa Telecom in the first quarter worth about $298,000. Hsbc Holdings PLC bought a new stake in Chunghwa Telecom during the 2nd quarter valued at approximately $291,000. Marshall Wace LLP grew its holdings in shares of Chunghwa Telecom by 14.2% during the 2nd quarter. Marshall Wace LLP now owns 43,434 shares of the utilities provider’s stock worth $2,024,000 after acquiring an additional 5,400 shares during the period. Sei Investments Co. grew its holdings in shares of Chunghwa Telecom by 21.3% during the 2nd quarter. Sei Investments Co. now owns 61,030 shares of the utilities provider’s stock worth $2,844,000 after acquiring an additional 10,723 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of Chunghwa Telecom by 142.6% in the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock worth $6,033,000 after acquiring an additional 76,087 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

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.