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

Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

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 104 out of 256 based on the ratings given to related companies.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Chunghwa Telecom by 11.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 476,331 shares of the utilities provider’s stock worth $16,934,000 after purchasing an additional 49,396 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Chunghwa Telecom by 1.0% in the first quarter. Renaissance Technologies LLC now owns 3,272,046 shares of the utilities provider’s stock worth $116,321,000 after purchasing an additional 31,354 shares during the last quarter. Assetmark Inc. grew its stake in shares of Chunghwa Telecom by 32.0% in the first quarter. Assetmark Inc. now owns 8,411 shares of the utilities provider’s stock worth $299,000 after purchasing an additional 2,038 shares during the last quarter. Northern Trust Corp grew its stake in shares of Chunghwa Telecom by 19.2% in the first quarter. Northern Trust Corp now owns 1,602,769 shares of the utilities provider’s stock worth $56,978,000 after purchasing an additional 257,661 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Chunghwa Telecom by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 6,197 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 355 shares during the last quarter. 2.83% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CHT traded down $0.30 during mid-day trading on Friday, reaching $35.60. The stock had a trading volume of 2,871 shares, compared to its average volume of 68,576. The stock has a market capitalization of $27.66 billion, a price-to-earnings ratio of 24.06 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 has a 12 month low of $34.02 and a 12 month high of $36.99.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Monday, April 29th. The utilities provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.66 billion for the quarter. Chunghwa Telecom had a net margin of 16.58% and a return on equity of 9.24%. As a group, analysts anticipate that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. engages in the provision of telecommunication and information related services. It operates through the following business segments: Domestic Fixed Communications, Mobile Communications, Internet, International Fixed Communications, and Others. The company was founded on June 15, 1996 and is headquartered in Taipei, Taiwan.

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