StockNews.com Upgrades Chunghwa Telecom (NYSE:CHT) to Buy

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

Chunghwa Telecom Trading Down 0.3 %

NYSE CHT opened at $39.18 on Monday. 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 twelve month low of $35.92 and a twelve month high of $40.62. The company has a market cap of $30.39 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. The business’s fifty day moving average is $38.55 and its 200 day moving average is $38.39.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data 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, sell-side analysts expect that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

Several hedge funds have recently modified their holdings of CHT. Public Employees Retirement System of Ohio lifted its holdings in 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 worth $4,501,000 after buying an additional 16,325 shares during the period. Vident Advisory LLC lifted its holdings in Chunghwa Telecom by 80.9% during the 4th quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider’s stock worth $5,233,000 after buying an additional 62,147 shares during the period. Quantinno Capital Management LP lifted its holdings in Chunghwa Telecom by 46.2% during the 4th quarter. Quantinno Capital Management LP now owns 29,190 shares of the utilities provider’s stock worth $1,099,000 after buying an additional 9,219 shares during the period. BNP Paribas Financial Markets lifted its holdings in Chunghwa Telecom by 617.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock worth $64,000 after buying an additional 1,457 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Chunghwa Telecom during the 4th quarter worth about $266,000. Institutional investors and hedge funds 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.