Chunghwa Telecom Co. (CHT) Trading Down 4.5%
Chunghwa Telecom Co. (NYSE:CHT) fell 4.5% on Tuesday . The stock traded as low as $36.54 and last traded at $36.67, with a volume of 130,110 shares. The stock had previously closed at $38.41.
Several brokerages recently weighed in on CHT. Citigroup Inc. downgraded Chunghwa Telecom from a “buy” rating to a “neutral” rating in a report on Thursday, April 28th. Zacks Investment Research downgraded Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, HSBC raised Chunghwa Telecom from a “reduce” rating to a “hold” rating in a report on Friday, April 22nd.
The stock has a 50-day moving average of $35.68 and a 200-day moving average of $33.35. The firm has a market capitalization of $28.31 billion and a PE ratio of 21.10.
The business also recently announced an annual dividend, which will be paid on Friday, September 2nd. Stockholders of record on Thursday, July 21st will be issued a $1.332 dividend. The ex-dividend date of this dividend 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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