Chunghwa Telecom Co. (CHT) Sees Large Volume Increase
Chunghwa Telecom Co. (NYSE:CHT) saw unusually-strong trading volume on Friday . Approximately 226,593 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 257,112 shares.The stock last traded at $38.01 and had previously closed at $37.50.
Several analysts recently commented on the stock. HSBC upgraded 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 has a market capitalization of $29.56 billion and a P/E ratio of 22.16. The stock has a 50-day moving average price of $35.43 and a 200 day moving average price of $33.19.
The company also recently declared an annual dividend, which will be paid on Friday, September 2nd. Stockholders 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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