Chunghwa Telecom (NYSE:CHT) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Chunghwa Telecom (NYSE:CHT) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Chunghwa Telecom Stock Performance

NYSE CHT opened at $38.79 on Tuesday. The firm has a market cap of $30.09 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 21.42 and a beta of 0.20. The company has a fifty day moving average price of $38.16 and a 200-day moving average price of $38.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. Chunghwa Telecom has a 1 year low of $35.92 and a 1 year high of $40.62.

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

Institutional Investors Weigh In On Chunghwa Telecom

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Chunghwa Telecom by 40.5% in the third quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock worth $36,000 after buying an additional 265 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Chunghwa Telecom in the fourth quarter valued at approximately $54,000. BNP Paribas Financial Markets raised its stake in Chunghwa Telecom by 617.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 1,457 shares in the last quarter. GAMMA Investing LLC raised its stake in Chunghwa Telecom by 71.4% in the fourth quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 1,285 shares in the last quarter. Finally, GeoWealth Management LLC purchased a new stake in Chunghwa Telecom in the fourth quarter valued at approximately $117,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

About Chunghwa Telecom

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.