Chunghwa Telecom (NYSE:CHT) Stock Rating Upgraded by StockNews.com

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

Chunghwa Telecom Price Performance

Chunghwa Telecom stock opened at $39.18 on Monday. The stock’s fifty day moving average price is $38.55 and its two-hundred day moving average price is $38.39. Chunghwa Telecom has a one year low of $35.92 and a one year high of $40.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a market cap of $30.39 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data 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%. As a group, research analysts expect that Chunghwa Telecom will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Chunghwa Telecom

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ieq Capital LLC increased its stake in shares of Chunghwa Telecom by 5.7% in the 4th quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 301 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Chunghwa Telecom by 4.2% in the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 391 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Chunghwa Telecom by 6.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 468 shares during the last quarter. First Affirmative Financial Network increased its stake in shares of Chunghwa Telecom by 2.1% in the 4th quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider’s stock valued at $1,173,000 after purchasing an additional 655 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich increased its stake in shares of Chunghwa Telecom by 5.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider’s stock valued at $560,000 after purchasing an additional 800 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.