Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus price objective of $34.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 182 out of 255 based on the ratings given to its competitors.

NYSE CHT traded up $0.03 during trading hours on Monday, reaching $36.52. 24,271 shares of the company’s stock were exchanged, compared to its average volume of 46,373. The stock has a market cap of $28.31 billion, a PE ratio of 26.44 and a beta of 0.11. Chunghwa Telecom has a one year low of $33.61 and a one year high of $37.57. The firm has a fifty day moving average of $36.87 and a 200-day moving average of $36.08. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 0.02.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.33 EPS for the quarter. The business had revenue of $1.63 billion for the quarter. Chunghwa Telecom had a return on equity of 8.85% and a net margin of 16.27%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in Chunghwa Telecom in the 3rd quarter valued at $1,331,000. Morgan Stanley boosted its position in Chunghwa Telecom by 163.4% in the 2nd quarter. Morgan Stanley now owns 47,733 shares of the utilities provider’s stock valued at $1,744,000 after buying an additional 29,608 shares during the last quarter. Knuff & Co LLC bought a new position in Chunghwa Telecom in the 3rd quarter valued at $29,000. State of New Jersey Common Pension Fund D boosted its position in Chunghwa Telecom by 90.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 302,391 shares of the utilities provider’s stock valued at $10,793,000 after buying an additional 143,294 shares during the last quarter. Finally, Dean Capital Investments Management LLC boosted its position in Chunghwa Telecom by 30.7% in the 3rd quarter. Dean Capital Investments Management LLC now owns 7,229 shares of the utilities provider’s stock valued at $258,000 after buying an additional 1,696 shares during the last quarter. Institutional investors and hedge funds own 2.71% 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.

See Also: What is the Consumer Price Index (CPI)?

Get a free copy of the Zacks research report on Chunghwa Telecom (CHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chunghwa Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chunghwa Telecom and related companies with MarketBeat.com's FREE daily email newsletter.