Chunghwa Telecom Co., Ltd (CHT) Given Consensus Recommendation of “Hold” by Analysts

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

Brokers have set a 12-month consensus price objective of $34.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 196 out of 256 based on the ratings given to related companies.

Shares of NYSE:CHT traded down $0.02 during trading on Friday, hitting $35.69. 46,278 shares of the company traded hands, compared to its average volume of 54,644. The firm has a market capitalization of $27.70 billion, a PE ratio of 24.11 and a beta of 0.13. Chunghwa Telecom has a one year low of $34.02 and a one year high of $36.99. The company has a current ratio of 1.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.02.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Monday, April 29th. The utilities provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $1.66 billion during the quarter. Chunghwa Telecom had a return on equity of 9.24% and a net margin of 16.58%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC boosted its position in shares of Chunghwa Telecom by 32.0% during the first quarter. Lindbrook Capital LLC now owns 1,305 shares of the utilities provider’s stock worth $46,000 after buying an additional 316 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Chunghwa Telecom by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 6,197 shares of the utilities provider’s stock worth $220,000 after buying an additional 355 shares during the period. Comerica Bank lifted its position in Chunghwa Telecom by 1.2% in the fourth quarter. Comerica Bank now owns 45,289 shares of the utilities provider’s stock worth $1,569,000 after purchasing an additional 526 shares during the period. Advisor Partners LLC lifted its position in Chunghwa Telecom by 9.5% in the first quarter. Advisor Partners LLC now owns 8,451 shares of the utilities provider’s stock worth $300,000 after purchasing an additional 735 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in Chunghwa Telecom by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 57,097 shares of the utilities provider’s stock worth $2,030,000 after purchasing an additional 958 shares during the period. Institutional investors and hedge funds own 2.35% of the company’s stock.

Chunghwa Telecom Company Profile

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.

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