Zacks: Chunghwa Telecom Co., Ltd (CHT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also given Chunghwa Telecom an industry rank of 45 out of 256 based on the ratings given to its competitors.

CHT has been the topic of several research reports. HSBC cut shares of Chunghwa Telecom from a “hold” rating to a “reduce” rating in a research report on Wednesday, October 31st. Credit Suisse Group cut shares of Chunghwa Telecom from a “neutral” rating to an “underperform” rating in a research report on Tuesday.

Shares of CHT opened at $34.74 on Friday. The stock has a market cap of $27.31 billion, a PE ratio of 23.01 and a beta of 0.22. Chunghwa Telecom has a 1 year low of $34.02 and a 1 year high of $39.33.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $1.72 billion for the quarter. Chunghwa Telecom had a net margin of 15.98% and a return on equity of 9.29%.

A number of large investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group raised its holdings in Chunghwa Telecom by 392.7% in the third quarter. Rehmann Capital Advisory Group now owns 1,419 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 1,131 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Chunghwa Telecom by 214.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,356 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 2,288 shares in the last quarter. Comerica Bank raised its holdings in Chunghwa Telecom by 5.9% in the third quarter. Comerica Bank now owns 44,763 shares of the utilities provider’s stock valued at $1,552,000 after acquiring an additional 2,491 shares in the last quarter. Credit Suisse AG increased its stake in Chunghwa Telecom by 5.5% in the third quarter. Credit Suisse AG now owns 48,238 shares of the utilities provider’s stock valued at $1,732,000 after purchasing an additional 2,500 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its stake in Chunghwa Telecom by 40.8% in the third quarter. First Republic Investment Management Inc. now owns 8,674 shares of the utilities provider’s stock valued at $311,000 after purchasing an additional 2,514 shares during the last quarter. 2.80% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

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