Chunghwa Telecom Co. (CHT) Sees Strong Trading Volume
Chunghwa Telecom Co. (NYSE:CHT) saw unusually-high trading volume on Wednesday . Approximately 287,389 shares were traded during mid-day trading, an increase of 89% from the previous session’s volume of 152,420 shares.The stock last traded at $36.29 and had previously closed at $36.26.
CHT has been the topic of a number of recent research reports. 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.
The stock has a market cap of $28.15 billion and a P/E ratio of 20.50. The stock’s 50-day moving average price is $36.72 and its 200-day moving average price is $34.47.
The business also recently declared an annual dividend, which will be paid on Friday, September 2nd. Investors of record on Thursday, July 21st will be given a $1.332 dividend. The ex-dividend date is Tuesday, July 19th.
Chunghwa Telecom Co, Ltd. provides telecommunication services. 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 services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.
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