Chunghwa Telecom (NYSE:CHT – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The utilities provider reported $0.41 EPS for the quarter. The business had revenue of $1.83 billion for the quarter. Chunghwa Telecom had a net margin of 17.00% and a return on equity of 9.31%.
Chunghwa Telecom Stock Up 1.8 %
Shares of CHT stock traded up $0.72 during trading on Thursday, reaching $40.35. The company’s stock had a trading volume of 181,172 shares, compared to its average volume of 149,169. The business has a fifty day moving average price of $42.02 and a 200-day moving average price of $43.03. The company has a quick ratio of 1.54, a current ratio of 1.76 and a debt-to-equity ratio of 0.08. The company has a market cap of $31.30 billion, a price-to-earnings ratio of 24.45 and a beta of 0.08. Chunghwa Telecom has a one year low of $39.12 and a one year high of $45.87.
Chunghwa Telecom Cuts Dividend
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a report on Friday, May 6th. JPMorgan Chase & Co. upgraded shares of Chunghwa Telecom from a “neutral” rating to an “overweight” rating in a report on Monday, July 18th.
Hedge Funds Weigh In On Chunghwa Telecom
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Chunghwa Telecom by 4.5% during the first quarter. BlackRock Inc. now owns 2,776,762 shares of the utilities provider’s stock worth $123,426,000 after purchasing an additional 120,199 shares during the period. First Trust Advisors LP bought a new position in Chunghwa Telecom in the 1st quarter valued at approximately $1,503,000. JPMorgan Chase & Co. raised its holdings in Chunghwa Telecom by 21.0% in the 1st quarter. JPMorgan Chase & Co. now owns 94,112 shares of the utilities provider’s stock valued at $4,184,000 after buying an additional 16,332 shares during the last quarter. American Century Companies Inc. increased its position in Chunghwa Telecom by 26.2% during the 1st quarter. American Century Companies Inc. now owns 54,968 shares of the utilities provider’s stock valued at $2,443,000 after purchasing an additional 11,399 shares during the period. Finally, Mariner LLC increased its position in Chunghwa Telecom by 47.0% during the 1st quarter. Mariner LLC now owns 30,869 shares of the utilities provider’s stock valued at $1,372,000 after purchasing an additional 9,864 shares during the period. 2.22% 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 Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.
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