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

Chunghwa Telecom (NYSE:CHT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Chunghwa Telecom Price Performance

Shares of NYSE CHT traded down $0.46 during mid-day trading on Tuesday, reaching $38.79. 164,622 shares of the company were exchanged, compared to its average volume of 104,148. The stock has a market capitalization of $30.09 billion, a PE ratio of 26.03, a PEG ratio of 21.42 and a beta of 0.20. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. Chunghwa Telecom has a 52 week low of $35.92 and a 52 week high of $40.62. The company’s 50 day moving average price is $38.16 and its 200 day moving average price is $38.32.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its holdings in shares of Chunghwa Telecom by 15.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 119,556 shares of the utilities provider’s stock valued at $4,501,000 after purchasing an additional 16,325 shares during the last quarter. Vident Advisory LLC lifted its stake in Chunghwa Telecom by 80.9% in the fourth 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 last quarter. Quantinno Capital Management LP boosted its position in Chunghwa Telecom by 46.2% during the fourth quarter. Quantinno Capital Management LP now owns 29,190 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 9,219 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Chunghwa Telecom by 617.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after buying an additional 1,457 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Chunghwa Telecom in the fourth quarter worth about $266,000. 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.