Chunghwa Telecom (NYSE:CHT) Hits New 1-Year High - What's Next?

Key Points

• Chunghwa Telecom reached a new 52-week high, trading as high as $49.27 and last at $49.06, above its prior close of $48.63.
• Analyst sentiment remains cautious: Zacks Research and Weiss Ratings upgraded their assessments, but both currently indicate a hold, matching the consensus rating.
• The company reported quarterly EPS of $0.49 on $2.12 billion in revenue; analysts expect full-year EPS of $1.56.

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) hit a new 52-week high on Wednesday. The company traded as high as $49.27 and last traded at $49.06, with a volume of 8,092 shares traded. The stock had previously closed at $48.63.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Chunghwa Telecom from a "strong sell" rating to a "hold" rating in a report on Thursday, September 17th. Weiss Ratings raised Chunghwa Telecom from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Chunghwa Telecom presently has a consensus rating of "Hold".

Chunghwa Telecom Stock Up 1.1%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.07. The company has a market capitalization of $38.15 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.17 and a beta of 0.26. The firm has a 50-day moving average price of $45.98 and a two-hundred day moving average price of $43.86.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its earnings results on Monday, October 12th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter. The business had revenue of $2.12 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 anticipate that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current fiscal year.

Institutional Trading of Chunghwa Telecom

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nykredit A S bought a new position in shares of Chunghwa Telecom in the 2nd quarter valued at about $2,075,000. Renaissance Technologies LLC increased its position in shares of Chunghwa Telecom by 1.3% in the first quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider's stock valued at $116,806,000 after acquiring an additional 36,820 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Chunghwa Telecom by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 548,080 shares of the utilities provider's stock valued at $23,145,000 after acquiring an additional 31,280 shares during the last quarter. R Squared Ltd increased its position in shares of Chunghwa Telecom by 97.3% in the first quarter. R Squared Ltd now owns 55,164 shares of the utilities provider's stock valued at $2,330,000 after acquiring an additional 27,200 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Chunghwa Telecom by 41.2% during the first quarter. Quantinno Capital Management LP now owns 297,210 shares of the utilities provider's stock worth $12,554,000 after acquiring an additional 86,786 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is Taiwan's largest integrated telecommunications provider and the country's former state-owned telecommunications operator. The company was established in 1996 following the corporatization of Taiwan's Directorate General of Telecommunications and was subsequently privatized. Chunghwa Telecom is headquartered in New Taipei City, Taiwan.

The company provides fixed-line voice services, mobile communications, broadband internet access, and related digital communications products.

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