Chunghwa Telecom (NYSE:CHT) Hits New 52-Week High - Here's What Happened

Key Points

• Chunghwa Telecom shares reached a new 52-week high of $46.48, closing the session up 1.1% at approximately $46.46. The stock’s market capitalization is about $36.17 billion.
• Analysts maintain a consensus “Hold” rating, while the company reported quarterly EPS of $0.49 on $2.12 billion in revenue. Analysts expect full-year EPS of approximately $1.56.
• Institutional investors increased their positions, including Quantinno Capital Management, which raised its stake by 41.2%; institutional investors collectively own 2.11% of the company.

Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday. The company traded as high as $46.48 and last traded at $46.4550, with a volume of 52,247 shares trading hands. The stock had previously closed at $46.10.

Wall Street Analyst Weigh In

CHT has been the topic of a number of research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a research note on Friday, July 17th. Zacks Research upgraded shares of Chunghwa Telecom from a "strong sell" rating to a "hold" rating in a report on Thursday, September 17th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Chunghwa Telecom Trading Up 1.1%

The stock's 50 day moving average is $44.35 and its 200-day moving average is $43.81. The company has a market cap of $36.17 billion, a P/E ratio of 28.25, a PEG ratio of 2.05 and a beta of 0.27. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings data on Thursday, September 10th. The utilities provider reported $0.49 EPS for the quarter. Chunghwa Telecom had a return on equity of 10.00% and a net margin of 16.11%. The company had revenue of $2.12 billion during the quarter. Research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chunghwa Telecom

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of Chunghwa Telecom by 1.3% in the 1st 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 raised its stake 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 period. Quantinno Capital Management LP grew its position in Chunghwa Telecom by 41.2% in the 1st quarter. Quantinno Capital Management LP now owns 297,210 shares of the utilities provider's stock valued at $12,554,000 after acquiring an additional 86,786 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in Chunghwa Telecom by 1.0% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 163,363 shares of the utilities provider's stock worth $7,230,000 after acquiring an additional 1,578 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Chunghwa Telecom by 1.5% in the first quarter. First Trust Advisors LP now owns 111,312 shares of the utilities provider's stock valued at $4,702,000 after purchasing an additional 1,659 shares during the period. Institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is Taiwan's largest integrated telecommunications provider and the country's former state-owned incumbent carrier. The company was established in 1996 following the corporatization of Taiwan's Directorate General of Telecommunications and is headquartered in Taipei. Its American depositary shares trade on the New York Stock Exchange under the symbol CHT.

Chunghwa Telecom provides fixed-line telephone services, mobile communications, broadband internet access, and related digital connectivity products.

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