Chunghwa Telecom (NYSE:CHT) Shares Gap Up - Should You Buy?

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $42.08, but opened at $43.63. Chunghwa Telecom shares last traded at $43.83, with a volume of 57,758 shares changing hands.

Analysts Set New Price Targets

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

Chunghwa Telecom Stock Performance

The business has a 50 day moving average price of $39.72 and a two-hundred day moving average price of $38.68. The stock has a market cap of $33.29 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 21.42 and a beta of 0.21. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.38. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $56.11 billion. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. 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 added to or reduced their stakes in CHT. Northern Trust Corp lifted its stake in shares of Chunghwa Telecom by 420.8% during the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock worth $25,463,000 after acquiring an additional 546,436 shares during the last quarter. GAMMA Investing LLC increased its position in Chunghwa Telecom by 6,440.5% during the 1st quarter. GAMMA Investing LLC now owns 201,775 shares of the utilities provider's stock valued at $7,912,000 after purchasing an additional 198,690 shares during the period. Mondrian Investment Partners LTD raised its holdings in shares of Chunghwa Telecom by 101.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider's stock valued at $9,191,000 after purchasing an additional 119,143 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Chunghwa Telecom by 80.9% in the 4th quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider's stock worth $5,233,000 after purchasing an additional 62,147 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Chunghwa Telecom by 6.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 970,763 shares of the utilities provider's stock valued at $36,549,000 after purchasing an additional 54,910 shares in the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

About Chunghwa Telecom

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.