StockNews.com Upgrades Chunghwa Telecom (NYSE:CHT) to "Buy"

StockNews.com upgraded shares of Chunghwa Telecom (NYSE:CHT - Free Report) from a hold rating to a buy rating in a research note released on Monday morning.

Chunghwa Telecom Stock Performance

NYSE CHT traded up $0.19 during trading hours on Monday, reaching $39.20. The company's stock had a trading volume of 96,067 shares, compared to its average volume of 91,903. The stock has a market cap of $30.41 billion, a PE ratio of 26.31, a PEG ratio of 21.42 and a beta of 0.19. The business has a 50-day simple moving average of $38.61 and a 200 day simple moving average of $38.40. Chunghwa Telecom has a 52 week low of $35.92 and a 52 week high of $40.62. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. Equities research analysts predict that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Chunghwa Telecom during the fourth quarter valued at approximately $54,000. BNP Paribas Financial Markets increased its position in Chunghwa Telecom by 617.4% in the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock valued at $64,000 after acquiring an additional 1,457 shares during the period. GAMMA Investing LLC raised its stake in Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider's stock valued at $116,000 after acquiring an additional 1,285 shares in the last quarter. GeoWealth Management LLC acquired a new position in Chunghwa Telecom during the 4th quarter worth $117,000. Finally, R Squared Ltd acquired a new position in Chunghwa Telecom during the 4th quarter worth $127,000. 2.11% of the stock is 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.