Chunghwa Telecom (NYSE:CHT) Sees Unusually-High Trading Volume – Should You Buy?

Chunghwa Telecom Co., Ltd. (NYSE:CHT) shares saw unusually-high trading volume on Thursday . Approximately 134,331 shares changed hands during trading, an increase of 46% from the previous session’s volume of 91,859 shares.The stock last traded at $38.91 and had previously closed at $38.82.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Monday.

Chunghwa Telecom Stock Performance

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 stock has a market capitalization of $30.28 billion, a P/E ratio of 26.19, a P/E/G ratio of 21.42 and a beta of 0.19. The company’s 50-day moving average is $38.58 and its two-hundred day moving average is $38.40.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CHT. OneDigital Investment Advisors LLC lifted its stake 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 acquiring an additional 468 shares during the period. Natixis Advisors LLC lifted its position in Chunghwa Telecom by 17.1% in the third quarter. Natixis Advisors LLC now owns 35,416 shares of the utilities provider’s stock worth $1,405,000 after purchasing an additional 5,184 shares during the period. Thrivent Financial for Lutherans boosted its stake in Chunghwa Telecom by 39.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 21,554 shares of the utilities provider’s stock valued at $855,000 after purchasing an additional 6,120 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Chunghwa Telecom by 120.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock valued at $36,332,000 after purchasing an additional 500,475 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Chunghwa Telecom by 30.0% in the 3rd quarter. Cerity Partners LLC now owns 20,794 shares of the utilities provider’s stock worth $825,000 after buying an additional 4,801 shares in the last quarter. 2.11% of the stock is owned by institutional investors and hedge funds.

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.