Zacks: Analysts Set $34.60 Price Target for Chunghwa Telecom Co., Ltd (NYSE:CHT)
Chunghwa Telecom Co., Ltd (NYSE:CHT) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus price target of $34.60 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 70 out of 254 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Monday, May 25th.
Shares of Chunghwa Telecom stock traded up $0.20 during midday trading on Friday, reaching $37.87. The company had a trading volume of 17,656 shares, compared to its average volume of 123,165. The stock has a fifty day simple moving average of $37.18 and a 200 day simple moving average of $36.49. The company has a current ratio of 0.95, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $29.21 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 18.67 and a beta of 0.11. Chunghwa Telecom has a 1-year low of $33.61 and a 1-year high of $38.43.
Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $1.60 billion for the quarter. Chunghwa Telecom had a return on equity of 8.62% and a net margin of 16.13%. Sell-side analysts expect that Chunghwa Telecom will post 1.43 earnings per share for the current year.
The firm also recently declared an annual dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 2nd will be given a dividend of $1.4187 per share. This represents a yield of 2.9%. The ex-dividend date is Wednesday, July 1st. Chunghwa Telecom’s dividend payout ratio is 79.86%.
About Chunghwa Telecom
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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