Chunghwa Telecom Co., Ltd. (NYSE:CHT) has been assigned an average broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation.

Analysts have set a 1 year consensus target price of $29.66 for the company, according to Zacks. Zacks has also given Chunghwa Telecom Co. an industry rank of 219 out of 265 based on the ratings given to related companies.

Separately, BidaskClub upgraded shares of Chunghwa Telecom Co. from a “sell” rating to a “hold” rating in a report on Saturday, August 26th.

Chunghwa Telecom Co. (NYSE:CHT) opened at $34.45 on Friday. Chunghwa Telecom Co. has a 1-year low of $31.28 and a 1-year high of $36.37. The stock has a market cap of $26,724.42, a P/E ratio of 21.67 and a beta of 0.29.

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A number of hedge funds and other institutional investors have recently made changes to their positions in CHT. Bank of Montreal Can raised its holdings in Chunghwa Telecom Co. by 26.2% in the 2nd quarter. Bank of Montreal Can now owns 138,910 shares of the utilities provider’s stock worth $4,892,000 after acquiring an additional 28,804 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Chunghwa Telecom Co. by 1.2% in the 2nd quarter. Acadian Asset Management LLC now owns 173,566 shares of the utilities provider’s stock worth $6,113,000 after acquiring an additional 2,105 shares during the last quarter. Sei Investments Co. raised its holdings in Chunghwa Telecom Co. by 65.8% in the 2nd quarter. Sei Investments Co. now owns 3,188 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 1,265 shares during the last quarter. TD Asset Management Inc. raised its holdings in Chunghwa Telecom Co. by 6.2% in the 2nd quarter. TD Asset Management Inc. now owns 1,453,800 shares of the utilities provider’s stock worth $51,203,000 after acquiring an additional 85,300 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Chunghwa Telecom Co. in the 2nd quarter worth approximately $270,000. Institutional investors own 3.15% of the company’s stock.

About Chunghwa Telecom Co.

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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