Chunghwa Telecom (NYSE:CHT – Get Rating) issued an update on its FY 2023 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.14-$0.15 for the period. The company issued revenue guidance of $7.06 billion-$7.11 billion.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Chunghwa Telecom from a hold rating to a buy rating in a report on Tuesday, January 10th.
Chunghwa Telecom Stock Performance
Shares of Chunghwa Telecom stock traded up $0.29 during trading hours on Thursday, reaching $37.88. The company had a trading volume of 46,581 shares, compared to its average volume of 135,631. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.54 and a quick ratio of 1.32. Chunghwa Telecom has a one year low of $32.90 and a one year high of $45.87. The business has a fifty day simple moving average of $36.93 and a 200 day simple moving average of $37.14.
Hedge Funds Weigh In On Chunghwa Telecom
Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Chunghwa Telecom by 21.0% in the 1st quarter. JPMorgan Chase & Co. now owns 94,112 shares of the utilities provider’s stock worth $4,184,000 after buying an additional 16,332 shares in the last quarter. American Century Companies Inc. grew its position in Chunghwa Telecom by 26.2% in the first quarter. American Century Companies Inc. now owns 54,968 shares of the utilities provider’s stock worth $2,443,000 after acquiring an additional 11,399 shares in the last quarter. HighTower Advisors LLC increased its stake in Chunghwa Telecom by 5.0% in the first quarter. HighTower Advisors LLC now owns 6,665 shares of the utilities provider’s stock valued at $296,000 after acquiring an additional 317 shares during the last quarter. Bank of Montreal Can raised its position in Chunghwa Telecom by 1.9% during the first quarter. Bank of Montreal Can now owns 21,093 shares of the utilities provider’s stock valued at $943,000 after purchasing an additional 394 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Chunghwa Telecom by 4.5% during the first quarter. BlackRock Inc. now owns 2,776,762 shares of the utilities provider’s stock worth $123,426,000 after purchasing an additional 120,199 shares during the last quarter. 2.19% of the stock is currently owned by institutional investors.
About Chunghwa Telecom
Chunghwa Telecom Co, Ltd. engages in the provision of integrated telecommunication services. It offers domestic & international fixed communication, mobile communication, broadband, Internet services. The Company also provides information and communication technology services; and innovative technology services such as Internet of things and artificial intelligence.
- Get a free copy of the StockNews.com research report on Chunghwa Telecom (CHT)
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