Chunghwa Telecom (NYSE:CHT - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.
Chunghwa Telecom Trading Up 0.2%
Shares of CHT stock traded up $0.07 during trading hours on Friday, reaching $43.27. The company's stock had a trading volume of 105,465 shares, compared to its average volume of 122,318. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. Chunghwa Telecom has a one year low of $36.61 and a one year high of $47.03. The stock has a market capitalization of $33.51 billion, a P/E ratio of 28.28 and a beta of 0.26. The firm's fifty day simple moving average is $43.96 and its 200 day simple moving average is $43.66.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%.The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $55.92 billion. Equities research analysts expect that Chunghwa Telecom will post 1.44 EPS for the current year.
Institutional Investors Weigh In On Chunghwa Telecom
Several hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Chunghwa Telecom by 12.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,253,331 shares of the utilities provider's stock valued at $58,418,000 after purchasing an additional 136,584 shares in the last quarter. Schroder Investment Management Group raised its stake in Chunghwa Telecom by 2.7% during the second quarter. Schroder Investment Management Group now owns 675,278 shares of the utilities provider's stock valued at $31,475,000 after buying an additional 17,729 shares during the last quarter. Acadian Asset Management LLC raised its stake in Chunghwa Telecom by 23.0% during the second quarter. Acadian Asset Management LLC now owns 572,484 shares of the utilities provider's stock valued at $26,672,000 after buying an additional 106,913 shares during the last quarter. American Century Companies Inc. raised its stake in Chunghwa Telecom by 17.6% during the second quarter. American Century Companies Inc. now owns 329,461 shares of the utilities provider's stock valued at $15,356,000 after buying an additional 49,276 shares during the last quarter. Finally, Creative Planning raised its stake in Chunghwa Telecom by 18.0% during the second quarter. Creative Planning now owns 317,369 shares of the utilities provider's stock valued at $14,793,000 after buying an additional 48,449 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.
Chunghwa Telecom Company Profile
(
Get Free Report)
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.
Further Reading
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