BidaskClub downgraded shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) from a buy rating to a hold rating in a report published on Wednesday.

Several other equities analysts have also weighed in on the company. TheStreet raised Chunghwa Telecom Co. from a c+ rating to a b rating in a research note on Thursday, March 16th. Zacks Investment Research raised Chunghwa Telecom Co. from a hold rating to a buy rating and set a $40.00 target price on the stock in a research note on Monday, May 29th.

Chunghwa Telecom Co. (NYSE CHT) opened at 35.78 on Wednesday. The company has a 50-day moving average price of $35.21 and a 200-day moving average price of $33.50. The stock has a market cap of $27.76 billion, a PE ratio of 21.82 and a beta of 0.35. Chunghwa Telecom Co. has a 52 week low of $31.28 and a 52 week high of $38.47.

Chunghwa Telecom Co. (NYSE:CHT) last issued its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.02. Chunghwa Telecom Co. had a net margin of 16.68% and a return on equity of 10.38%. The firm had revenue of $1.75 billion for the quarter. Analysts anticipate that Chunghwa Telecom Co. will post $1.66 earnings per share for the current year.

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Large investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. acquired a new stake in shares of Chunghwa Telecom Co. during the fourth quarter valued at about $104,000. BNP Paribas Arbitrage SA increased its stake in shares of Chunghwa Telecom Co. by 44.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,651 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Chunghwa Telecom Co. by 3.6% in the first quarter. Eqis Capital Management Inc. now owns 7,005 shares of the utilities provider’s stock valued at $238,000 after buying an additional 246 shares during the period. Greenleaf Trust acquired a new stake in shares of Chunghwa Telecom Co. during the first quarter valued at about $252,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Chunghwa Telecom Co. by 13.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 8,045 shares of the utilities provider’s stock valued at $273,000 after buying an additional 976 shares during the period. Institutional investors own 3.57% of the company’s stock.

Chunghwa Telecom Co. Company Profile

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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