Chunghwa Telecom Coverage Initiated by Analysts at Deutsche Bank (CHT)
Deutsche Bank started coverage on shares of Chunghwa Telecom (NYSE:CHT) in a research note issued on Wednesday, Analyst Ratings Network.com reports. The firm set a “hold” rating on the stock.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Chunghwa Telecom in a research note to investors on Thursday, December 12th. They now have a $33.00 price target on the stock.
Shares of Chunghwa Telecom (NYSE:CHT) traded down 0.41% during mid-day trading on Wednesday, hitting $29.41. 137,992 shares of the company’s stock traded hands. Chunghwa Telecom has a 52-week low of $29.37 and a 52-week high of $33.74. The stock has a 50-day moving average of $30.58 and a 200-day moving average of $31.3. The company has a market cap of $22.815 billion and a P/E ratio of 17.68.
Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.40 earnings per share for the quarter. On average, analysts predict that Chunghwa Telecom will post $1.66 earnings per share for the current fiscal year.
Chunghwa Telecom Co, Ltd. is a provider of telecommunication services. The Company operates its businesses through domestic fixed-line communication services, including urban telephone, long-distance telephone, intelligent network (NYSE:CHT), integrated service digital network (ISDN), domestic circuit leasing and multimedia on demand (MOD) services; mobile communication services, including global system for mobile communications (GSM) mobile communication, third generation (3G) mobile communication and mobile value-added services; network services, including Internet service provider (ISP) and domestic data exchange business; international fixed-line communication services, including international telephone, international circuit leasing, international data exchange and satellite communication services, as well as services for corporate customers, including integrated services for corporate, international corporate information services, mobile corporate services and data services.
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