Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) have received a consensus broker rating score of 4.00 (Sell) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation.
Analysts have set a 1-year consensus price objective of $29.66 for the company, according to Zacks. Zacks has also given Chunghwa Telecom Co. an industry rank of 66 out of 265 based on the ratings given to its competitors.
A number of brokerages recently weighed in on CHT. UBS AG cut Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a report on Friday, May 12th. BidaskClub cut Chunghwa Telecom Co. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research raised Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, May 29th.
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Several institutional investors have recently made changes to their positions in CHT. Sei Investments Co. boosted its position in shares of Chunghwa Telecom Co. by 65.8% in the second quarter. Sei Investments Co. now owns 3,188 shares of the utilities provider’s stock worth $112,000 after buying an additional 1,265 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Chunghwa Telecom Co. by 44.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock worth $183,000 after buying an additional 1,651 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of Chunghwa Telecom Co. by 3.6% in the first quarter. Eqis Capital Management Inc. now owns 7,005 shares of the utilities provider’s stock worth $238,000 after buying an additional 246 shares in the last quarter. Greenleaf Trust purchased a new position in shares of Chunghwa Telecom Co. during the first quarter worth $252,000. Finally, Trexquant Investment LP purchased a new position in shares of Chunghwa Telecom Co. during the second quarter worth $270,000. 3.60% of the stock is currently owned by institutional investors.
Chunghwa Telecom Co. (NYSE:CHT) traded up 0.59% on Monday, reaching $33.92. The company’s stock had a trading volume of 87,602 shares. The stock’s 50 day moving average price is $35.28 and its 200 day moving average price is $34.15. The firm has a market cap of $26.31 billion, a PE ratio of 20.94 and a beta of 0.33. Chunghwa Telecom Co. has a 52-week low of $31.28 and a 52-week high of $37.39.
Chunghwa Telecom Co. (NYSE:CHT) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. The company had revenue of $1.84 billion for the quarter. Chunghwa Telecom Co. had a return on equity of 10.25% and a net margin of 16.49%. Equities research analysts expect that Chunghwa Telecom Co. will post $1.66 earnings per share for the current fiscal year.
The company also recently disclosed an annual dividend, which will be paid on Friday, September 1st. Investors of record on Friday, July 21st will be issued a dividend of $1.6294 per share. This represents a dividend yield of 4.57%. This is a boost from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date of this dividend is Wednesday, July 19th. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is currently 82.58%.
Chunghwa Telecom Co. Company Profile
Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.
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