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

Key Points

• 200‑day moving average: Chunghwa Telecom briefly crossed above its 200‑day moving average of $42.45, trading as high as $42.53 and last at $42.295 with about 122,225 shares changing hands.
• Analyst consensus — Hold: The MarketBeat consensus rating is "Hold" (two analysts), with Zacks and Weiss Ratings recently assigning or reaffirming hold ratings.
• Fundamentals & ownership: The stock has a market cap of $32.81 billion and a P/E of 26.27, reported $0.38 EPS on $2.09 billion revenue last quarter, and has relatively low institutional ownership at about 2.11%.

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.45 and traded as high as $42.53. Chunghwa Telecom shares last traded at $42.2950, with a volume of 122,225 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHT shares. Zacks Research raised Chunghwa Telecom to a "hold" rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

Chunghwa Telecom Price Performance

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 stock has a market capitalization of $32.81 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 5.68 and a beta of 0.31. The stock has a 50 day moving average of $42.61 and a 200-day moving average of $42.45.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.82% and a net margin of 16.37%.The firm had revenue of $2.09 billion during the quarter. On average, equities research analysts anticipate 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 modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Chunghwa Telecom by 65.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider's stock worth $38,000 after acquiring an additional 344 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Chunghwa Telecom during the 2nd quarter worth approximately $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $59,000. Westside Investment Management Inc. lifted its stake in shares of Chunghwa Telecom by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider's stock worth $63,000 after acquiring an additional 719 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $75,000. 2.11% of the stock is owned by 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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