Chunghwa Telecom (NYSE:CHT) Downgraded to “Hold” Rating by StockNews.com

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

Chunghwa Telecom Trading Up 0.4 %

Shares of NYSE CHT opened at $38.99 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. Chunghwa Telecom has a one year low of $35.92 and a one year high of $40.62. The business has a 50-day moving average price of $38.20 and a two-hundred day moving average price of $38.33. The firm has a market capitalization of $30.25 billion, a PE ratio of 26.17, a PEG ratio of 21.42 and a beta of 0.20.

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

Institutional Trading of Chunghwa Telecom

A number of institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of Chunghwa Telecom by 15.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 119,556 shares of the utilities provider’s stock worth $4,501,000 after purchasing an additional 16,325 shares in the last quarter. Vident Advisory LLC raised its position in Chunghwa Telecom by 80.9% during the fourth quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider’s stock valued at $5,233,000 after acquiring an additional 62,147 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Chunghwa Telecom by 46.2% in the fourth quarter. Quantinno Capital Management LP now owns 29,190 shares of the utilities provider’s stock valued at $1,099,000 after acquiring an additional 9,219 shares during the last quarter. BNP Paribas Financial Markets grew its position in Chunghwa Telecom by 617.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 1,457 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Chunghwa Telecom during the 4th quarter worth $266,000. 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.