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

Key Points

• Chunghwa Telecom (CHT) has crossed above its 200-day moving average
• Analysts maintain a consensus "Hold" (two ratings), while the company shows a $33.48B market cap, P/E of 26.81, PEG of 5.78 and a very low debt-to-equity of 0.06.
• Several institutional investors have added or increased stakes recently (AQR, HSBC, Marshall Wace, Sei, Quantinno), though institutional and hedge fund ownership is reported at just 2.11%.

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.39 and traded as high as $43.45. Chunghwa Telecom shares last traded at $43.1650, with a volume of 107,793 shares.

Analyst Ratings Changes

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

Chunghwa Telecom Price Performance

The company's 50-day moving average is $42.81 and its 200-day moving average is $42.39. The firm has a market cap of $33.48 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 5.78 and a beta of 0.31. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.38 EPS for the quarter. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.85%. The business had revenue of $2.09 billion during the quarter. Equities research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.59 earnings per share for the current year.

Institutional Inflows and Outflows

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

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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