Chunghwa Telecom (NYSE:CHT) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Chunghwa Telecom Co., Ltd. (NYSE:CHT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.41 and traded as high as $43.94. Chunghwa Telecom shares last traded at $43.8370, with a volume of 83,329 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Chunghwa Telecom currently has a consensus rating of “Hold”.

Chunghwa Telecom Trading Down 0.3%

The company has a market capitalization of $34.01 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 6.00 and a beta of 0.29. The firm has a 50-day moving average price of $42.97 and a 200-day moving average price of $42.41. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $1.88 billion for the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%. As a group, sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.56 EPS for the current year.

Hedge Funds Weigh In On Chunghwa Telecom

Hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC purchased a new position in shares of Chunghwa Telecom during the second quarter valued at $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Chunghwa Telecom in the fourth quarter valued at about $59,000. Westside Investment Management Inc. grew its stake in Chunghwa Telecom by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 719 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Chunghwa Telecom in the fourth quarter worth about $75,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Chunghwa Telecom by 1,047.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,973 shares of the utilities provider’s stock worth $86,000 after buying an additional 1,801 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.