Chunghwa Telecom Co., Ltd (NYSE:CHT) has earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a 1-year consensus target price of $34.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 164 out of 256 based on the ratings given to related companies.
Several large investors have recently modified their holdings of the company. Advisor Partners LLC acquired a new position in shares of Chunghwa Telecom in the 4th quarter valued at approximately $276,000. Atlas Capital Advisors LLC raised its stake in Chunghwa Telecom by 485.3% in the 4th 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. Wetherby Asset Management Inc. raised its stake in Chunghwa Telecom by 2.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 41,881 shares of the utilities provider’s stock valued at $1,499,000 after acquiring an additional 1,135 shares during the period. TD Asset Management Inc. raised its stake in Chunghwa Telecom by 1.1% in the 4th quarter. TD Asset Management Inc. now owns 1,747,000 shares of the utilities provider’s stock valued at $62,525,000 after acquiring an additional 18,500 shares during the period. Finally, Parallel Advisors LLC raised its stake in Chunghwa Telecom by 41.0% in the 4th quarter. Parallel Advisors LLC now owns 10,761 shares of the utilities provider’s stock valued at $385,000 after acquiring an additional 3,127 shares during the period. Institutional investors own 2.35% of the company’s stock.
Shares of NYSE CHT traded up $0.18 on Friday, hitting $35.71. The company’s stock had a trading volume of 3,888 shares, compared to its average volume of 60,045. Chunghwa Telecom has a 12-month low of $34.02 and a 12-month high of $36.99. The company has a market capitalization of $27.55 billion, a PE ratio of 24.21 and a beta of 0.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.66 and a quick ratio of 1.43.
Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Monday, April 29th. The utilities provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Chunghwa Telecom had a net margin of 16.58% and a return on equity of 9.24%. The company had revenue of $1.66 billion for the quarter. On average, analysts forecast that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.
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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