Chunghwa Telecom Co. (NYSE:CHT) gapped up prior to trading 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.

CHT has been the subject of a number of research reports. HSBC raised shares of Chunghwa Telecom from a “reduce” rating to a “hold” rating in a research note on Friday, April 22nd. Zacks Investment Research cut shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Citigroup Inc. cut shares of Chunghwa Telecom from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th.

The firm’s 50 day moving average is $36.50 and its 200 day moving average is $34.06. The stock has a market capitalization of $28.80 billion and a price-to-earnings ratio of 21.27.

The company also recently disclosed an annual dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, July 21st will be paid 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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