Chunghwa Telecom (NYSE:CHT) Upgraded at StockNews.com

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

Chunghwa Telecom Trading Down 0.6 %

Chunghwa Telecom stock opened at $38.89 on Monday. Chunghwa Telecom has a one year low of $35.92 and a one year high of $40.62. The company has a market cap of $30.17 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 21.42 and a beta of 0.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a 50-day moving average of $38.58 and a 200-day moving average of $38.40.

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 return on equity of 9.53% and a net margin of 16.18%. On average, equities analysts expect that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chunghwa Telecom

A number of hedge funds and other institutional investors have recently bought and sold shares of CHT. OneDigital Investment Advisors LLC raised its holdings in Chunghwa Telecom by 6.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 468 shares during the period. Natixis Advisors LLC lifted its holdings in Chunghwa Telecom by 17.1% during the 3rd quarter. Natixis Advisors LLC now owns 35,416 shares of the utilities provider’s stock worth $1,405,000 after purchasing an additional 5,184 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Chunghwa Telecom by 39.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 21,554 shares of the utilities provider’s stock valued at $855,000 after purchasing an additional 6,120 shares during the period. West Family Investments Inc. grew its holdings in Chunghwa Telecom by 7.2% in the 3rd quarter. West Family Investments Inc. now owns 40,453 shares of the utilities provider’s stock valued at $1,605,000 after buying an additional 2,705 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased 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 buying an additional 500,475 shares during the period. Institutional investors own 2.11% of the company’s stock.

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.