Chunghwa Telecom (NYSE:CHT) Downgraded to Hold Rating by StockNews.com

Chunghwa Telecom (NYSE:CHT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $39.16 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 stock has a market capitalization of $30.37 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 21.42 and a beta of 0.20. Chunghwa Telecom has a one year low of $35.92 and a one year high of $40.62. The company’s 50-day simple moving average is $38.33 and its 200-day simple moving average is $38.38.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. Equities analysts anticipate that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Institutional Trading of Chunghwa Telecom

Several institutional investors have recently added to or reduced their stakes in CHT. Crossmark Global Holdings Inc. boosted its holdings in shares of Chunghwa Telecom by 12.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 101,894 shares of the utilities provider’s stock valued at $4,042,000 after buying an additional 11,663 shares during the period. OneDigital Investment Advisors LLC boosted its stake in Chunghwa Telecom by 6.2% in the third quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 468 shares during the period. Natixis Advisors LLC grew its holdings in shares of Chunghwa Telecom by 17.1% during the third quarter. Natixis Advisors LLC now owns 35,416 shares of the utilities provider’s stock valued at $1,405,000 after purchasing an additional 5,184 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Chunghwa Telecom by 39.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 21,554 shares of the utilities provider’s stock worth $855,000 after purchasing an additional 6,120 shares during the period. Finally, West Family Investments Inc. lifted its holdings in shares of Chunghwa Telecom by 7.2% in the 3rd quarter. West Family Investments Inc. now owns 40,453 shares of the utilities provider’s stock worth $1,605,000 after purchasing an additional 2,705 shares during the last quarter. Institutional investors 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.