Chunghwa Telecom (NYSE:CHT) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shares of Chunghwa Telecom recently crossed above its 200-day moving average (200‑day MA $42.39), trading as high as $43.03 and last around $42.89.
• Analysts maintain a consensus Hold rating (two Hold ratings), with Weiss Ratings reiterating Hold and Zacks recently upgrading to Hold.
• The company has a market cap of about $33.27 billion, a P/E of 26.64 and low debt-to-equity (0.06); last quarter EPS was $0.38 with a net margin of 16.37%, while institutional ownership is modest (~2.11%) despite several funds increasing stakes.

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.39 and traded as high as $43.03. Chunghwa Telecom shares last traded at $42.8940, with a volume of 155,943 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Chunghwa Telecom in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Chunghwa Telecom to a "hold" rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Chunghwa Telecom presently has a consensus rating of "Hold".

Chunghwa Telecom Trading Up 0.7%

The business's 50 day moving average price is $42.65 and its 200-day moving average price is $42.39. The company has a current ratio of 1.49, a quick ratio of 1.32 and a debt-to-equity ratio of 0.06. The company has a market cap of $33.27 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 5.71 and a beta of 0.31.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.82%. The company had revenue of $2.09 billion during the quarter. On average, equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Institutional Trading of Chunghwa Telecom

Several hedge funds and other institutional investors have recently bought and sold shares of CHT. AQR Capital Management LLC acquired a new stake in Chunghwa Telecom in the 1st quarter worth about $298,000. Hsbc Holdings PLC acquired a new stake in Chunghwa Telecom in the 2nd quarter worth about $291,000. Marshall Wace LLP raised its stake in Chunghwa Telecom by 14.2% in the 2nd quarter. Marshall Wace LLP now owns 43,434 shares of the utilities provider's stock worth $2,024,000 after purchasing an additional 5,400 shares in the last quarter. Sei Investments Co. raised its stake in Chunghwa Telecom by 21.3% in the 2nd quarter. Sei Investments Co. now owns 61,030 shares of the utilities provider's stock worth $2,844,000 after purchasing an additional 10,723 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Chunghwa Telecom by 142.6% in the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider's stock worth $6,033,000 after purchasing an additional 76,087 shares in the last quarter. Institutional investors and hedge funds own 2.11% of the company's stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom's product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.

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