Chunghwa Telecom Co., Ltd. (NYSE:CHT) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Monday, May 29th. UBS AG cut Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. Chunghwa Telecom Co. presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Shares of Chunghwa Telecom Co. (NYSE CHT) opened at 34.39 on Friday. The stock has a 50 day moving average of $34.44 and a 200 day moving average of $34.36. Chunghwa Telecom Co. has a one year low of $31.28 and a one year high of $36.79. The stock has a market cap of $26.68 billion, a P/E ratio of 21.36 and a beta of 0.33.

Chunghwa Telecom Co. (NYSE:CHT) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. The company had revenue of $1.84 billion during the quarter. Chunghwa Telecom Co. had a return on equity of 10.26% and a net margin of 16.49%. Equities analysts expect that Chunghwa Telecom Co. will post $1.66 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its position in 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. Royal Bank of Canada boosted its position in Chunghwa Telecom Co. by 137.7% in the second quarter. Royal Bank of Canada now owns 3,705 shares of the utilities provider’s stock worth $131,000 after buying an additional 2,146 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in 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 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. Finally, Greenleaf Trust acquired a new position in Chunghwa Telecom Co. during the first quarter worth about $252,000. 3.24% of the stock is owned by institutional investors and hedge funds.

About Chunghwa Telecom Co.

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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