Chunghwa Telecom (NYSE:CHT) Shares Cross Above 200-Day Moving Average – Time to Sell?

Chunghwa Telecom Co., Ltd. (NYSE:CHT)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.41 and traded as high as $43.94. Chunghwa Telecom shares last traded at $43.8370, with a volume of 83,329 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Chunghwa Telecom Price Performance

The stock’s fifty day moving average price is $42.99 and its 200-day moving average price is $42.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.64. The firm has a market cap of $33.87 billion, a PE ratio of 26.63, a P/E/G ratio of 5.98 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $1.88 billion during the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. As a group, equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Chunghwa Telecom

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Chunghwa Telecom by 40.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,359 shares of the utilities provider’s stock valued at $480,000 after purchasing an additional 3,250 shares in the last quarter. Quantinno Capital Management LP grew its stake in Chunghwa Telecom by 41.2% in the 1st quarter. Quantinno Capital Management LP now owns 297,210 shares of the utilities provider’s stock valued at $12,554,000 after acquiring an additional 86,786 shares during the last quarter. Bridgewater Advisors Inc. grew its stake in Chunghwa Telecom by 4.3% in the 1st quarter. Bridgewater Advisors Inc. now owns 10,081 shares of the utilities provider’s stock valued at $439,000 after acquiring an additional 416 shares during the last quarter. Renaissance Technologies LLC grew its stake in Chunghwa Telecom by 1.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider’s stock valued at $116,806,000 after acquiring an additional 36,820 shares during the last quarter. Finally, Compound Planning Inc. grew its stake in Chunghwa Telecom by 6.2% in the 1st quarter. Compound Planning Inc. now owns 10,994 shares of the utilities provider’s stock valued at $464,000 after acquiring an additional 642 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.