Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) have been given an average broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating.

Brokerages have set a 1-year consensus price objective of $29.66 for the company, according to Zacks. Zacks has also given Chunghwa Telecom Co. an industry rank of 78 out of 265 based on the ratings given to related companies.

Separately, BidaskClub downgraded shares of Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in shares of Chunghwa Telecom Co. by 3.5% in the 2nd quarter. Parallel Advisors LLC now owns 8,929 shares of the utilities provider’s stock worth $302,000 after purchasing an additional 303 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Chunghwa Telecom Co. by 3.3% in the 2nd quarter. Lazard Asset Management LLC now owns 12,765 shares of the utilities provider’s stock worth $449,000 after purchasing an additional 406 shares in the last quarter. Bailard Inc. raised its holdings in shares of Chunghwa Telecom Co. by 4.8% in the 1st quarter. Bailard Inc. now owns 11,408 shares of the utilities provider’s stock worth $388,000 after purchasing an additional 522 shares in the last quarter. Comerica Bank raised its holdings in shares of Chunghwa Telecom Co. by 1.3% in the 1st quarter. Comerica Bank now owns 44,948 shares of the utilities provider’s stock worth $1,523,000 after purchasing an additional 577 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Chunghwa Telecom Co. by 16.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,258 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 875 shares in the last quarter. Institutional investors and hedge funds own 3.24% of the company’s stock.

Shares of Chunghwa Telecom Co. (NYSE:CHT) opened at 33.84 on Friday. The company has a market cap of $26.25 billion, a price-to-earnings ratio of 20.89 and a beta of 0.32. Chunghwa Telecom Co. has a one year low of $31.28 and a one year high of $36.37. The firm’s 50-day moving average is $34.19 and its 200-day moving average is $34.59.

Chunghwa Telecom Co. (NYSE:CHT) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Chunghwa Telecom Co. had a net margin of 16.49% and a return on equity of 10.26%. The company had revenue of $1.84 billion for the quarter. Analysts expect that Chunghwa Telecom Co. will post $1.66 EPS for the current fiscal year.

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About Chunghwa Telecom Co.

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

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