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

Chunghwa Telecom (NYSE:CHT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Chunghwa Telecom Stock Performance

Shares of Chunghwa Telecom stock traded up $0.10 during trading on Friday, hitting $38.91. 75,351 shares of the stock were exchanged, compared to its average volume of 99,510. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. Chunghwa Telecom has a 12 month low of $35.92 and a 12 month high of $40.62. The stock’s fifty day moving average is $37.89 and its 200 day moving average is $37.99. The stock has a market cap of $30.19 billion, a PE ratio of 26.65, a P/E/G ratio of 19.75 and a beta of 0.20.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.09% and a return on equity of 9.25%. As a group, sell-side analysts anticipate that Chunghwa Telecom will post 1.47 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Chunghwa Telecom by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 407,062 shares of the utilities provider’s stock valued at $15,710,000 after acquiring an additional 16,428 shares in the last quarter. Sei Investments Co. lifted its position in Chunghwa Telecom by 8.9% in the second quarter. Sei Investments Co. now owns 44,432 shares of the utilities provider’s stock worth $1,716,000 after purchasing an additional 3,636 shares during the period. Thrivent Financial for Lutherans boosted its stake in Chunghwa Telecom by 117.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,434 shares of the utilities provider’s stock valued at $596,000 after purchasing an additional 8,341 shares in the last quarter. Bank of Montreal Can increased its position in shares of Chunghwa Telecom by 178.8% during the 2nd quarter. Bank of Montreal Can now owns 103,593 shares of the utilities provider’s stock valued at $4,074,000 after purchasing an additional 66,441 shares during the period. Finally, Kathmere Capital Management LLC raised its stake in shares of Chunghwa Telecom by 1.5% in the 2nd quarter. Kathmere Capital Management LLC now owns 30,247 shares of the utilities provider’s stock worth $1,168,000 after buying an additional 460 shares in the last quarter. 2.11% of the stock is 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.