Chunghwa Telecom (NYSE:CHT) Raised to Buy at StockNews.com

Chunghwa Telecom (NYSE:CHT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Chunghwa Telecom Stock Up 0.3 %

CHT opened at $38.91 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market capitalization of $30.19 billion, a PE ratio of 26.65, a P/E/G ratio of 19.75 and a beta of 0.20. The stock’s fifty day moving average is $37.92 and its 200-day moving average is $38.01. Chunghwa Telecom has a one year low of $35.92 and a one year high of $40.62.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.09% and a return on equity of 9.25%. On average, equities analysts predict that Chunghwa Telecom will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

A number of institutional investors and hedge funds have recently modified their holdings of CHT. Allworth Financial LP raised its position in shares of Chunghwa Telecom by 40.5% during the third quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 265 shares during the period. GAMMA Investing LLC raised its holdings in Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after buying an additional 1,285 shares during the period. R Squared Ltd purchased a new stake in Chunghwa Telecom during the fourth quarter valued at about $127,000. BSW Wealth Partners purchased a new stake in Chunghwa Telecom during the third quarter valued at about $208,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of Chunghwa Telecom in the fourth quarter worth about $208,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Company Profile

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.