Chunghwa Telecom Co., Ltd (CHT) Receives Consensus Rating of “Hold” from Analysts
Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $36.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 44 out of 255 based on the ratings given to its competitors.
A number of equities analysts recently weighed in on CHT shares. Deutsche Bank lowered shares of Chunghwa Telecom from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Morgan Stanley lowered shares of Chunghwa Telecom from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 7th.
Shares of NYSE:CHT opened at $34.77 on Tuesday. Chunghwa Telecom has a fifty-two week low of $33.54 and a fifty-two week high of $39.33. The firm has a market cap of $27.03 billion, a P/E ratio of 21.77 and a beta of 0.28.
Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Monday, July 30th. The utilities provider reported $0.43 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.45% and a return on equity of 9.80%. The firm had revenue of $1.80 billion during the quarter.
The business also recently announced an annual dividend, which was paid on Friday, August 31st. Investors of record on Monday, July 23rd were given a dividend of $1.5901 per share. The ex-dividend date was Friday, July 20th. This represents a dividend yield of 4.39%. Chunghwa Telecom’s dividend payout ratio is 73.78%.
About Chunghwa Telecom
Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.
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