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

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

Chunghwa Telecom Trading Down 0.0 %

CHT stock opened at $39.28 on Monday. The company has a market cap of $30.47 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 21.42 and a beta of 0.19. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $38.51 and a 200-day simple moving average of $38.39. Chunghwa Telecom has a 52 week low of $35.92 and a 52 week high of $40.62.

Chunghwa Telecom (NYSE:CHT) last released 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%. On average, equities research analysts expect that Chunghwa Telecom will post 1.44 EPS for the current year.

Institutional Trading of Chunghwa Telecom

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted its position in Chunghwa Telecom by 420.8% during the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider’s stock worth $25,463,000 after purchasing an additional 546,436 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Chunghwa Telecom by 120.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock worth $36,332,000 after purchasing an additional 500,475 shares during the period. Mondrian Investment Partners LTD boosted its position in Chunghwa Telecom by 101.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider’s stock worth $9,191,000 after purchasing an additional 119,143 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Chunghwa Telecom during the 3rd quarter worth $4,095,000. Finally, Vident Advisory LLC boosted its position in Chunghwa Telecom by 80.9% during the 4th quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider’s stock worth $5,233,000 after purchasing an additional 62,147 shares during the period. 2.11% of the stock is currently 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.