Chunghwa Telecom (NYSE:CHT) Sets New 1-Year High - Here's Why

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $44.36 and last traded at $44.15, with a volume of 328619 shares traded. The stock had previously closed at $42.08.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.

Chunghwa Telecom Stock Up 2.1 %

The company's 50 day simple moving average is $39.72 and its 200-day simple moving average is $38.69. The firm has a market capitalization of $33.29 billion, a PE ratio of 28.80, a PEG ratio of 21.42 and a beta of 0.21. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $56.11 billion. On average, analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. D Orazio & Associates Inc. lifted its holdings in Chunghwa Telecom by 4.5% in the first quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider's stock worth $236,000 after buying an additional 259 shares during the period. Ieq Capital LLC grew its stake in Chunghwa Telecom by 5.7% in the fourth quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider's stock worth $212,000 after purchasing an additional 301 shares during the period. Lindbrook Capital LLC raised its holdings in Chunghwa Telecom by 6.2% in the first quarter. Lindbrook Capital LLC now owns 5,585 shares of the utilities provider's stock worth $219,000 after purchasing an additional 328 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Chunghwa Telecom by 2.2% during the first quarter. PNC Financial Services Group Inc. now owns 16,196 shares of the utilities provider's stock valued at $635,000 after buying an additional 344 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Chunghwa Telecom by 4.2% during the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider's stock valued at $368,000 after buying an additional 391 shares in the last quarter. 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.