Chunghwa Telecom (NYSE:CHT) Sets New 52-Week High at $39.88

Chunghwa Telecom Co., Ltd. (NYSE:CHT) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $39.88 and last traded at $39.88, with a volume of 10462 shares trading hands. The stock had previously closed at $39.65.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 6th.

Chunghwa Telecom Stock Performance

The company has a market cap of $31.05 billion, a PE ratio of 26.40, a P/E/G ratio of 19.00 and a beta of 0.19. The business has a fifty day moving average of $38.02 and a 200-day moving average of $38.39. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.39 EPS for the quarter. The business had revenue of $1.67 billion during the quarter. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.27%. Equities research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Chunghwa Telecom

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Chunghwa Telecom by 50.2% in the 1st quarter. GAMMA Investing LLC now owns 2,226 shares of the utilities provider’s stock worth $87,000 after buying an additional 744 shares during the last quarter. Centaurus Financial Inc. bought a new position in Chunghwa Telecom in the 4th quarter worth about $102,000. V Square Quantitative Management LLC bought a new stake in Chunghwa Telecom during the 2nd quarter valued at about $120,000. EverSource Wealth Advisors LLC increased its position in shares of Chunghwa Telecom by 80.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,488 shares in the last quarter. Finally, CWM LLC raised its holdings in Chunghwa Telecom by 31.8% in the 2nd quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 830 shares during the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.