Shares of Chunghwa Telecom Co. (NYSE:CHT) hit 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. The stock had previously closed at $36.57.

A number of brokerages have recently issued reports on CHT. Citigroup Inc. lowered shares of Chunghwa Telecom from a “buy” rating to a “neutral” rating in a report on Thursday, April 28th. Zacks Investment Research lowered shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, HSBC upgraded shares of Chunghwa Telecom from a “reduce” rating to a “hold” rating in a report on Friday, April 22nd.

The company has a market capitalization of $29.66 billion and a P/E ratio of 22.23. The stock has a 50 day moving average price of $35.22 and a 200-day moving average price of $33.12.

The firm also recently disclosed an annual dividend, which will be paid on Friday, September 2nd. Investors of record on Thursday, July 21st will be issued a $1.332 dividend. 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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