Chunghwa Telecom (NYSE:CHT) Sees Unusually-High Trading Volume – Here’s What Happened

Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw strong trading volume on Monday . 104,630 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 100,341 shares.The stock last traded at $38.52 and had previously closed at $38.84.

Analyst Ratings Changes

Separately, StockNews.com raised Chunghwa Telecom from a “hold” rating to a “buy” rating in a research note on Friday, January 24th.

Chunghwa Telecom Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market cap of $29.91 billion, a PE ratio of 25.88, a P/E/G ratio of 21.41 and a beta of 0.20. The firm has a 50-day simple moving average of $38.03 and a two-hundred day simple moving average of $38.12.

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

Institutional Investors Weigh In On Chunghwa Telecom

Hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in Chunghwa Telecom by 120.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock worth $36,332,000 after acquiring an additional 500,475 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Chunghwa Telecom by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 407,062 shares of the utilities provider’s stock valued at $15,710,000 after buying an additional 16,428 shares during the last quarter. Rhumbline Advisers grew its holdings in Chunghwa Telecom by 1.3% during the 4th quarter. Rhumbline Advisers now owns 255,514 shares of the utilities provider’s stock worth $9,620,000 after acquiring an additional 3,393 shares in the last quarter. Creative Planning increased its holdings in shares of Chunghwa Telecom by 1.1% in the 3rd quarter. Creative Planning now owns 124,913 shares of the utilities provider’s stock valued at $4,955,000 after acquiring an additional 1,420 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Chunghwa Telecom during the 3rd quarter valued at about $4,095,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

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.