Chunghwa Telecom (NYSE:CHT) Reaches New 52-Week High - What's Next?

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $44.44 and last traded at $44.28, with a volume of 74363 shares traded. The stock had previously closed at $44.36.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.

Chunghwa Telecom Trading Down 0.6%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The company's fifty day moving average is $41.11 and its 200-day moving average is $39.32. The stock has a market cap of $33.68 billion, a PE ratio of 29.13, a PEG ratio of 21.42 and a beta of 0.21.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $56.11 billion. On average, analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Chunghwa Telecom in the first quarter valued at approximately $41,000. Sierra Ocean LLC purchased a new stake in Chunghwa Telecom in the 4th quarter valued at $54,000. BNP Paribas Financial Markets raised its position 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 last quarter. Advisors Asset Management Inc. purchased a new position in Chunghwa Telecom during the 1st quarter worth $92,000. Finally, GeoWealth Management LLC acquired a new position in shares of Chunghwa Telecom during the 4th quarter worth $117,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

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.