Chunghwa Telecom Co. (CHT) Shares Gap Up to $36.60
Chunghwa Telecom Co. (NYSE:CHT) shares gapped up before the market opened on Tuesday . The stock had previously closed at $36.54, but opened at $36.60. Chunghwa Telecom shares last traded at $36.97, with a volume of 57,813 shares changing hands.
A number of brokerages have issued reports on CHT. Zacks Investment Research cut Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Citigroup Inc. cut Chunghwa Telecom from a “buy” rating to a “neutral” rating in a report on Thursday, April 28th. Finally, HSBC raised Chunghwa Telecom from a “reduce” rating to a “hold” rating in a report on Friday, April 22nd.
The stock’s 50-day moving average price is $36.44 and its 200-day moving average price is $34.04. The firm has a market capitalization of $28.68 billion and a price-to-earnings ratio of 21.01.
The firm also recently declared an annual dividend, which will be paid on Friday, September 2nd. Investors 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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