Chunghwa Telecom (NYSE:CHT) Downgraded by StockNews.com to Hold

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

Chunghwa Telecom Stock Up 0.0 %

CHT stock opened at $39.16 on Friday. Chunghwa Telecom has a fifty-two week low of $35.92 and a fifty-two week high of $40.62. The business’s 50-day moving average is $38.33 and its two-hundred day moving average is $38.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market cap of $30.37 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 21.42 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last posted its 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%. As a group, analysts forecast that Chunghwa Telecom will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Chunghwa Telecom in the fourth quarter valued at about $54,000. BNP Paribas Financial Markets lifted its holdings 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 acquiring an additional 1,457 shares during the period. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 1,285 shares during the period. GeoWealth Management LLC purchased a new stake in Chunghwa Telecom in the fourth quarter worth about $117,000. Finally, R Squared Ltd bought a new position in shares of Chunghwa Telecom in the fourth quarter worth about $127,000. 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.