Chunghwa Telecom (NYSE:CHT) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Chunghwa Telecom (NYSE:CHT) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Chunghwa Telecom Price Performance

Shares of CHT opened at $39.13 on Friday. The business has a 50-day moving average of $38.36 and a 200-day moving average of $38.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $30.36 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. Chunghwa Telecom has a 1 year low of $35.92 and a 1 year high of $40.62.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. As a group, equities research analysts anticipate that Chunghwa Telecom will post 1.44 earnings per share for the current year.

Institutional Trading of Chunghwa Telecom

A number of large investors have recently bought and sold shares of CHT. Sierra Ocean LLC bought a new stake in shares of Chunghwa Telecom during the 4th quarter valued at about $54,000. BNP Paribas Financial Markets boosted its holdings in shares of Chunghwa Telecom by 617.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock worth $64,000 after buying an additional 1,457 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after buying an additional 1,285 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $117,000. Finally, R Squared Ltd bought a new stake in shares of Chunghwa Telecom in the 4th quarter valued at $127,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.