Chunghwa Telecom Co. (CHT) Sees Unusually-High Trading Volume
Shares of Chunghwa Telecom Co. (NYSE:CHT) saw unusually-high trading volume on Thursday . Approximately 272,912 shares changed hands during trading, a decline of 4% from the previous session’s volume of 284,876 shares.The stock last traded at $36.70 and had previously closed at $36.42.
CHT has been the subject of several recent analyst reports. HSBC raised shares of Chunghwa Telecom from a “reduce” rating to a “hold” rating in a research report 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 $28.42 billion and a PE ratio of 21.06. The company has a 50-day moving average of $35.77 and a 200 day moving average of $33.40.
The firm also recently announced 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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