Chunghwa Telecom (NYSE:CHT) Upgraded to Buy by StockNews.com

Chunghwa Telecom (NYSE:CHT – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Shares of CHT opened at $44.31 on Wednesday. The business has a 50-day moving average of $44.13 and a 200 day moving average of $42.16. Chunghwa Telecom has a fifty-two week low of $39.12 and a fifty-two week high of $45.87. The firm has a market cap of $34.37 billion, a P/E ratio of 27.02 and a beta of 0.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.24 and a current ratio of 1.42.

Chunghwa Telecom (NYSE:CHT – Get Rating) last announced its quarterly earnings data on Wednesday, January 26th. The utilities provider reported $0.40 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.28% and a net margin of 17.00%. The company had revenue of $2.15 billion during the quarter. As a group, research analysts predict that Chunghwa Telecom will post 0.17 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. PDS Planning Inc boosted its position in shares of Chunghwa Telecom by 8.4% during the 1st quarter. PDS Planning Inc now owns 6,853 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 529 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its position in shares of Chunghwa Telecom by 92.6% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 5,405 shares of the utilities provider’s stock valued at $240,000 after acquiring an additional 2,599 shares during the last quarter. CAPROCK Group Inc. boosted its position in shares of Chunghwa Telecom by 9.3% during the 1st quarter. CAPROCK Group Inc. now owns 6,986 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 596 shares during the last quarter. Veriti Management LLC boosted its position in shares of Chunghwa Telecom by 11.0% during the 1st quarter. Veriti Management LLC now owns 94,226 shares of the utilities provider’s stock valued at $4,188,000 after acquiring an additional 9,342 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Chunghwa Telecom during the 1st quarter valued at about $488,000. Institutional investors and hedge funds own 2.16% of the company’s stock.

About Chunghwa Telecom (Get Rating)

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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