Chunghwa Telecom Co. (CHT) Hits New 1-Year High at $37.94
Shares of Chunghwa Telecom Co. (NYSE:CHT) reached a new 52-week high on Monday . The stock traded as high as $37.94 and last traded at $37.70, with a volume of 289,047 shares changing hands. The stock had previously closed at $36.57.
Several analysts have commented on the company. Citigroup Inc. downgraded Chunghwa Telecom from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th. Zacks Investment Research downgraded Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, HSBC raised Chunghwa Telecom from a “reduce” rating to a “hold” rating in a research note on Friday, April 22nd.
The company’s 50 day moving average is $34.98 and its 200-day moving average is $32.99. The company has a market capitalization of $29.25 billion and a PE ratio of 21.92.
The firm also recently announced an annual dividend, which will be paid on Friday, September 2nd. Stockholders of record on Thursday, July 21st will be paid a dividend of $1.332 per share. The ex-dividend date of this dividend is Tuesday, July 19th.
Chunghwa Telecom Co, Ltd. is a telecommunications service provider in Taiwan. The Company’s segments include: Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access, and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet and related services; International fixed communications business, which is engaged in the provision of international long distance telephone and related services, and Others, which includes the Company’s non-telecom services, including property sales made by its subsidiary, Light Era Development Co, Ltd.
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