Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price objective of $36.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 169 out of 255 based on the ratings given to related companies.
A number of equities research analysts have commented on the company. Morgan Stanley downgraded Chunghwa Telecom from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 7th. Deutsche Bank cut Chunghwa Telecom from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th.
Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Chunghwa Telecom by 2.4% in the second quarter. Renaissance Technologies LLC now owns 3,225,484 shares of the utilities provider’s stock valued at $115,859,000 after buying an additional 76,100 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Chunghwa Telecom by 1.4% in the second quarter. TD Asset Management Inc. now owns 1,687,900 shares of the utilities provider’s stock valued at $60,629,000 after buying an additional 22,900 shares in the last quarter. Aperio Group LLC increased its position in shares of Chunghwa Telecom by 11.4% in the second quarter. Aperio Group LLC now owns 1,333,223 shares of the utilities provider’s stock valued at $47,889,000 after buying an additional 136,240 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Chunghwa Telecom by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 899,427 shares of the utilities provider’s stock valued at $32,303,000 after buying an additional 6,118 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Chunghwa Telecom by 990.4% in the second quarter. Advisors Asset Management Inc. now owns 702,947 shares of the utilities provider’s stock valued at $1,584,000 after buying an additional 638,479 shares in the last quarter. Institutional investors and hedge funds own 2.87% of the company’s stock.
Chunghwa Telecom stock opened at $34.68 on Friday. Chunghwa Telecom has a one year low of $33.62 and a one year high of $39.33. The firm has a market capitalization of $26.91 billion, a price-to-earnings ratio of 21.15 and a beta of 0.29.
Chunghwa Telecom (NYSE:CHT) last released its earnings results on Monday, July 30th. The utilities provider reported $0.43 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.80% and a net margin of 16.45%. The company had revenue of $1.80 billion during the quarter.
About Chunghwa Telecom
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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