Chunghwa Telecom (NYSE:CHT) Hits New 1-Year High – What’s Next?

Chunghwa Telecom Co., Ltd. (NYSE:CHT)’s share price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $47.84 and last traded at $47.67, with a volume of 131,845 shares. The stock had previously closed at $47.64.

Analysts Set New Price Targets

Several equities analysts have commented on CHT shares. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Thursday, October 15th. Zacks Research upgraded Chunghwa Telecom from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 17th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Chunghwa Telecom Stock Down 0.1%

The firm has a 50 day moving average price of $44.97 and a 200-day moving average price of $44.03. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06. The firm has a market cap of $36.89 billion, a PE ratio of 28.84, a PEG ratio of 2.11 and a beta of 0.27.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Monday, October 12th. The utilities provider reported $0.49 earnings per share for the quarter. The firm had revenue of $2.12 billion for the quarter. Chunghwa Telecom had a net margin of 16.11% and a return on equity of 10.00%. Research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

A number of large investors have recently modified their holdings of CHT. Nisa Investment Advisors LLC boosted its position in shares of Chunghwa Telecom by 76.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 872 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 377 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Chunghwa Telecom during the 3rd quarter worth about $228,000. 55 North Private Wealth LLC purchased a new stake in Chunghwa Telecom during the third quarter worth approximately $235,000. Cordatus Wealth Management LLC lifted its stake in Chunghwa Telecom by 2.5% during the third quarter. Cordatus Wealth Management LLC now owns 11,284 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 277 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in Chunghwa Telecom during the second quarter worth approximately $272,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is Taiwan’s largest integrated telecommunications provider and the country’s former state-owned telecommunications operator. The company was established in 1996 following the corporatization of Taiwan’s Directorate General of Telecommunications and was subsequently privatized. Chunghwa Telecom is headquartered in New Taipei City, Taiwan.

The company provides fixed-line voice services, mobile communications, broadband internet access, and related digital communications products.