Chunghwa Telecom Co. (CHT) Sees Large Volume Increase
Chunghwa Telecom Co. (NYSE:CHT) saw an uptick in trading volume on Friday . 226,593 shares traded hands during 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.
A number of research firms have commented on CHT. Zacks Investment Research downgraded Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Citigroup Inc. downgraded Chunghwa Telecom from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th. Finally, HSBC upgraded Chunghwa Telecom from a “reduce” rating to a “hold” rating in a research report on Friday, April 22nd.
The stock’s 50 day moving average is $35.55 and its 200 day moving average is $33.25. The company has a market cap of $29.56 billion and a price-to-earnings ratio of 22.03.
The business 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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