Chunghwa Telecom (NYSE:CHT - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.
Chunghwa Telecom Stock Performance
CHT traded up $0.01 during trading on Friday, hitting $39.16. The stock had a trading volume of 94,692 shares, compared to its average volume of 90,254. The company has a 50 day moving average price of $38.33 and a 200-day moving average price of $38.38. The firm has a market cap of $30.37 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 21.42 and a beta of 0.20. Chunghwa Telecom has a one year low of $35.92 and a one year high of $40.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29.
Chunghwa Telecom (NYSE:CHT - Get Free Report) 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 return on equity of 9.53% and a net margin of 16.18%. As a group, research analysts predict that Chunghwa Telecom will post 1.44 EPS for the current year.
Institutional Trading of Chunghwa Telecom
A number of institutional investors have recently modified their holdings of CHT. Sierra Ocean LLC bought a new stake in shares of Chunghwa Telecom during the 4th quarter valued at $54,000. BNP Paribas Financial Markets lifted its position 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 during the last quarter. GAMMA Investing LLC lifted its position 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 during the last quarter. GeoWealth Management LLC bought a new stake in shares of Chunghwa Telecom during the 4th quarter worth $117,000. Finally, R Squared Ltd acquired a new position in Chunghwa Telecom in the 4th quarter worth about $127,000. 2.11% of the stock is currently owned by institutional investors.
Chunghwa Telecom Company Profile
(
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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