Chunghwa Telecom (NYSE:CHT) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Chunghwa Telecom (NYSE:CHT) from a buy rating to a hold rating in a research note released on Tuesday.

Chunghwa Telecom Trading Down 1.2 %

Shares of Chunghwa Telecom stock opened at $38.79 on Tuesday. Chunghwa Telecom has a 1 year low of $35.92 and a 1 year high of $40.62. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $30.09 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 21.42 and a beta of 0.20. The firm’s 50 day moving average is $38.16 and its 200 day moving average is $38.32.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. Equities research analysts forecast that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

A number of institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in Chunghwa Telecom by 40.5% during the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 265 shares during the last quarter. Ieq Capital LLC lifted its position in shares of Chunghwa Telecom by 5.7% in the 4th quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 301 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Chunghwa Telecom by 4.2% in the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock worth $368,000 after purchasing an additional 391 shares during the period. OneDigital Investment Advisors LLC lifted its position in shares of Chunghwa Telecom by 6.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 468 shares during the period. Finally, First Affirmative Financial Network lifted its position in shares of Chunghwa Telecom by 2.1% in the 4th quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider’s stock worth $1,173,000 after purchasing an additional 655 shares during the period. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Company Profile

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.