Chunghwa Telecom (NYSE:CHT - Get Free Report) announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38, Zacks reports. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $56.11 billion.
Chunghwa Telecom Price Performance
Shares of Chunghwa Telecom stock traded up $0.71 on Thursday, hitting $43.41. 7,677 shares of the company were exchanged, compared to its average volume of 105,979. The stock has a market capitalization of $33.67 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 21.42 and a beta of 0.21. The company has a 50-day moving average price of $39.95 and a 200 day moving average price of $38.79. Chunghwa Telecom has a 1-year low of $35.92 and a 1-year high of $44.36. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06.
Analysts Set New Price Targets
Separately, StockNews.com lowered Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.
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About Chunghwa Telecom
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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.
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