Chunghwa Telecom Co. (CHT) Sees Strong Trading Volume
Shares of Chunghwa Telecom Co. (NYSE:CHT) saw unusually-strong trading volume on Thursday . Approximately 272,912 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 284,876 shares.The stock last traded at $36.70 and had previously closed at $36.42.
A number of equities analysts recently issued reports on CHT shares. HSBC upgraded shares of Chunghwa Telecom from a “reduce” rating to a “hold” rating in a research note on Friday, April 22nd. Citigroup Inc. lowered Chunghwa Telecom from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th. Finally, Zacks Investment Research lowered Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The firm has a 50-day moving average price of $35.92 and a 200 day moving average price of $33.47. The firm has a market capitalization of $28.26 billion and a price-to-earnings ratio of 20.94.
The firm also recently announced an annual dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, July 21st will be paid a $1.332 dividend. 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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