Chunghwa Telecom (NYSE:CHT) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Chunghwa Telecom (NYSE:CHT) from a hold rating to a buy rating in a research note issued to investors on Friday.

Chunghwa Telecom Stock Up 0.3 %

CHT stock opened at $38.91 on Friday. 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 company’s 50 day simple moving average is $37.89 and its 200-day simple moving average is $37.99. Chunghwa Telecom has a 12 month low of $35.92 and a 12 month high of $40.62. The firm 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.

Chunghwa Telecom (NYSE:CHT) last announced 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 9.25% and a net margin of 16.09%. Equities analysts expect that Chunghwa Telecom will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Chunghwa Telecom by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 407,062 shares of the utilities provider’s stock worth $15,710,000 after buying an additional 16,428 shares in the last quarter. Sei Investments Co. boosted its position in Chunghwa Telecom by 8.9% during the second quarter. Sei Investments Co. now owns 44,432 shares of the utilities provider’s stock worth $1,716,000 after acquiring an additional 3,636 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Chunghwa Telecom by 117.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,434 shares of the utilities provider’s stock worth $596,000 after acquiring an additional 8,341 shares during the period. Bank of Montreal Can raised its holdings in Chunghwa Telecom by 178.8% in the 2nd quarter. Bank of Montreal Can now owns 103,593 shares of the utilities provider’s stock valued at $4,074,000 after acquiring an additional 66,441 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in shares of Chunghwa Telecom by 1.5% during the 2nd quarter. Kathmere Capital Management LLC now owns 30,247 shares of the utilities provider’s stock worth $1,168,000 after purchasing an additional 460 shares during the period. 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.