Chunghwa Telecom (NYSE:CHT) Rating Lowered to Hold at StockNews.com

Chunghwa Telecom (NYSE:CHT - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday.

Chunghwa Telecom Trading Down 0.3 %

CHT traded down $0.13 on Tuesday, hitting $38.84. The company had a trading volume of 100,754 shares, compared to its average volume of 104,212. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $30.13 billion, a P/E ratio of 26.07, a PEG ratio of 21.42 and a beta of 0.20. The company's fifty day moving average price is $38.22 and its 200 day moving average price is $38.34. Chunghwa Telecom has a 1 year low of $35.92 and a 1 year high of $40.62.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. As a group, equities analysts expect 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 made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Chunghwa Telecom by 40.5% in the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider's stock valued at $36,000 after buying an additional 265 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Chunghwa Telecom during the fourth quarter worth $54,000. BNP Paribas Financial Markets grew its holdings in Chunghwa Telecom by 617.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock valued at $64,000 after buying an additional 1,457 shares during the last quarter. GAMMA Investing LLC grew its stake in Chunghwa Telecom by 71.4% in the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider's stock worth $116,000 after acquiring an additional 1,285 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in shares of Chunghwa Telecom in the fourth quarter worth approximately $117,000. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

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About Chunghwa Telecom

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.