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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Chunghwa Telecom by 826.6% during the 1st quarter. Royal Bank of Canada now owns 2,576 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 2,298 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Chunghwa Telecom by 1,848.6% during the first quarter. Tower Research Capital LLC TRC now owns 721 shares of the utilities provider’s stock worth $26,000 after buying an additional 684 shares during the period. Schroder Investment Management Group raised its stake in Chunghwa Telecom by 6.7% during the first quarter. Schroder Investment Management Group now owns 637,194 shares of the utilities provider’s stock worth $22,837,000 after buying an additional 39,863 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Chunghwa Telecom by 8.7% in the first quarter. Parametric Portfolio Associates LLC now owns 908,448 shares of the utilities provider’s stock valued at $32,314,000 after buying an additional 72,796 shares during the period. Finally, JustInvest LLC acquired a new position in Chunghwa Telecom in the first quarter valued at $4,782,000. Institutional investors own 2.83% of the company’s stock.

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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