Chunghwa Telecom (NYSE:CHT) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• Crossed above its 200‑day moving average: Chunghwa Telecom (NYSE:CHT) moved above its 200‑day MA of $42.38, trading as high as $43.45 and last at $43.32 on volume ~147,185, a short‑term technical bullish signal.
• Analyst consensus is "Hold": Brokerages including Weiss and Zacks rate the stock a Hold, and sell‑side analysts forecast roughly $1.59 EPS for the current year.
• Solid fundamentals and institutional activity: the company has a market cap of $33.6 billion, low debt‑to‑equity (0.06) and a PE of 26.9, while several institutions (including Goldman Sachs and Mondrian) recently increased positions, indicating institutional buying interest.

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.38 and traded as high as $43.45. Chunghwa Telecom shares last traded at $43.3150, with a volume of 147,185 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHT. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Zacks Research raised Chunghwa Telecom to a "hold" rating in a report on Monday, January 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Chunghwa Telecom has a consensus rating of "Hold".

Chunghwa Telecom Price Performance

The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $33.60 billion, a PE ratio of 26.90, a P/E/G ratio of 5.77 and a beta of 0.29. The company has a fifty day moving average price of $42.88 and a two-hundred day moving average price of $42.38.

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 for the quarter. Chunghwa Telecom had a return on equity of 9.85% and a net margin of 16.37%.The business had revenue of $2.09 billion during the quarter. Sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.59 earnings per share for the current year.

Institutional Trading of Chunghwa Telecom

Several institutional investors and hedge funds have recently made changes to their positions in CHT. Mondrian Investment Partners LTD purchased a new stake in shares of Chunghwa Telecom in the 3rd quarter valued at about $9,865,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Chunghwa Telecom in the 4th quarter valued at about $6,554,000. Goldman Sachs Group Inc. lifted its holdings in shares of Chunghwa Telecom by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider's stock valued at $15,362,000 after purchasing an additional 148,378 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Chunghwa Telecom by 342.2% in the 3rd quarter. First Trust Advisors LP now owns 98,929 shares of the utilities provider's stock valued at $4,315,000 after purchasing an additional 76,558 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Chunghwa Telecom by 142.6% in the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider's stock valued at $6,033,000 after purchasing an additional 76,087 shares during the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

Chunghwa Telecom Company Profile

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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