Chunghwa Telecom (NYSE:CHT) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Chunghwa Telecom shares moved above their 200-day moving average, reaching $43.44 before closing at $43.36, up 0.8%. The stock’s 50-day and 200-day averages were $43.35 and $43.21, respectively.
• Analyst sentiment is cautious: Zacks Research downgraded the stock to “strong sell,” while Weiss Ratings maintained a “hold” rating. MarketBeat reports an average rating of “Reduce,” based on one Hold and one Sell rating.
• The company reported quarterly EPS of $0.43 on $1.93 billion in revenue and maintains a low debt-to-equity ratio of 0.06. Chunghwa Telecom paid a $1.6525 annual dividend, with a reported payout ratio of 75.76%.

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.21 and traded as high as $43.44. Chunghwa Telecom shares last traded at $43.36, with a volume of 229,524 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHT. Zacks Research lowered shares of Chunghwa Telecom from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Chunghwa Telecom in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce".

Chunghwa Telecom Trading Up 0.8%

The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06. The company has a market cap of $33.64 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.29. The firm has a 50-day moving average price of $43.35 and a 200 day moving average price of $43.21.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter. The firm had revenue of $1.93 billion for the quarter. Chunghwa Telecom had a return on equity of 10.00% and a net margin of 16.11%. As a group, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.53 EPS for the current year.

Chunghwa Telecom Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, July 9th were paid a $1.6525 dividend. This represents a yield of 398.0%. The ex-dividend date was Thursday, July 9th. Chunghwa Telecom's payout ratio is presently 75.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC acquired a new position in shares of Chunghwa Telecom during the second quarter valued at $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Chunghwa Telecom in the 4th quarter valued at approximately $59,000. Inspire Investing LLC acquired a new position in Chunghwa Telecom during the 4th quarter worth $75,000. Focus Partners Wealth acquired a new position in shares of Chunghwa Telecom during the third quarter valued at $143,000. Finally, CWM LLC grew its position in Chunghwa Telecom by 28.5% in the 4th quarter. CWM LLC now owns 3,922 shares of the utilities provider's stock valued at $164,000 after buying an additional 869 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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