Chunghwa Telecom (NYSE:CHT) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Chunghwa Telecom has received a "Hold (C)" rating from Weiss Ratings, indicating a neutral stance from analysts.
• The company reported earnings per share of $0.43 for its last quarter, slightly surpassing the consensus estimate of $0.42.
• Chunghwa Telecom's stock is trading at $43.47, with a market capitalization of approximately $33.88 billion.

Chunghwa Telecom (NYSE:CHT - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Chunghwa Telecom Stock Performance

NYSE:CHT traded down $0.21 during midday trading on Wednesday, hitting $43.47. The company's stock had a trading volume of 152,922 shares, compared to its average volume of 125,095. Chunghwa Telecom has a fifty-two week low of $36.61 and a fifty-two week high of $47.03. The firm's 50 day moving average is $44.30 and its 200-day moving average is $43.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. The firm has a market cap of $33.88 billion, a P/E ratio of 28.41 and a beta of 0.26.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $55.92 billion. Equities analysts anticipate that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Institutional Trading of Chunghwa Telecom

A number of hedge funds and other institutional investors have recently modified their holdings of the business. D Orazio & Associates Inc. increased its position in shares of Chunghwa Telecom by 4.5% during the 1st quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider's stock worth $236,000 after purchasing an additional 259 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Chunghwa Telecom by 6.2% during the 1st quarter. Lindbrook Capital LLC now owns 5,585 shares of the utilities provider's stock worth $219,000 after purchasing an additional 328 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Chunghwa Telecom by 2.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,196 shares of the utilities provider's stock worth $635,000 after purchasing an additional 344 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Chunghwa Telecom by 3.1% during the 2nd quarter. Yousif Capital Management LLC now owns 12,229 shares of the utilities provider's stock worth $570,000 after purchasing an additional 365 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Chunghwa Telecom during the 2nd quarter worth about $25,000. 2.11% of the stock is owned by institutional investors and hedge funds.

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.

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