Chunghwa Telecom (NYSE:CHT - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Monday.
Chunghwa Telecom Stock Performance
CHT traded up $0.07 during midday trading on Monday, hitting $39.94. 154,608 shares of the company traded hands, compared to its average volume of 98,791. The company's 50-day moving average is $39.05 and its 200 day moving average is $38.39. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $30.98 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 21.42 and a beta of 0.22. Chunghwa Telecom has a 52 week low of $35.92 and a 52 week high of $40.62.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, research analysts expect that Chunghwa Telecom will post 1.44 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of CHT. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Chunghwa Telecom by 6.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 970,763 shares of the utilities provider's stock worth $36,549,000 after purchasing an additional 54,910 shares during the period. Northern Trust Corp lifted its position in shares of Chunghwa Telecom by 420.8% during the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock valued at $25,463,000 after buying an additional 546,436 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Chunghwa Telecom by 2.3% during the 4th quarter. Schroder Investment Management Group now owns 650,358 shares of the utilities provider's stock valued at $24,662,000 after acquiring an additional 14,911 shares during the period. Dimensional Fund Advisors LP raised its stake in Chunghwa Telecom by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 424,763 shares of the utilities provider's stock worth $16,003,000 after acquiring an additional 3,416 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Chunghwa Telecom by 3.5% during the first quarter. Rhumbline Advisers now owns 264,373 shares of the utilities provider's stock valued at $10,366,000 after purchasing an additional 8,859 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company's stock.
About Chunghwa Telecom
(
Get Free Report)
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.
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