Shares of Chunghwa Telecom Co. (NYSE:CHT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.46 and last traded at $38.42, with a volume of 119,247 shares changing hands. The stock had previously closed at $38.11.

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

The firm has a 50-day moving average price of $35.55 and a 200-day moving average price of $33.25. The stock has a market capitalization of $29.82 billion and a price-to-earnings ratio of 22.22.

The company also recently declared an annual dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, July 21st will be given a dividend of $1.332 per share. The ex-dividend date 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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