Chunghwa Telecom Co., Ltd (NYSE:CHT) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Analysts have set a 12 month consensus price target of $36.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 253 out of 255 based on the ratings given to its competitors.

Separately, Deutsche Bank cut Chunghwa Telecom from a “hold” rating to a “sell” rating in a research note on Tuesday.

Shares of Chunghwa Telecom traded down $0.14, hitting $36.40, during midday trading on Friday, according to Marketbeat Ratings. The company had a trading volume of 4,637 shares, compared to its average volume of 81,281. The stock has a market capitalization of $28.58 billion, a PE ratio of 22.21 and a beta of 0.33. Chunghwa Telecom has a 1 year low of $33.10 and a 1 year high of $39.33.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Friday, April 27th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $1.83 billion during the quarter. Chunghwa Telecom had a return on equity of 10.05% and a net margin of 16.55%.

The business also recently disclosed an annual dividend, which will be paid on Friday, August 31st. Stockholders of record on Monday, July 23rd will be paid a $1.5901 dividend. This represents a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, July 20th. Chunghwa Telecom’s payout ratio is presently 78.66%.

Hedge funds have recently bought and sold shares of the stock. Adviser Investments LLC purchased a new stake in Chunghwa Telecom during the first quarter worth approximately $101,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Chunghwa Telecom during the first quarter worth approximately $117,000. Cypress Wealth Advisors LLC purchased a new stake in Chunghwa Telecom during the first quarter worth approximately $202,000. Suntrust Banks Inc. purchased a new stake in Chunghwa Telecom during the fourth quarter worth approximately $210,000. Finally, Evergreen Capital Management LLC purchased a new stake in Chunghwa Telecom during the first quarter worth approximately $224,000. Hedge funds and other institutional investors own 2.95% of the company’s stock.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

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