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

Brokerages have set a 1-year consensus price target of $29.66 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom Co. an industry rank of 99 out of 265 based on the ratings given to its competitors.

A number of analysts recently weighed in on CHT shares. TheStreet raised shares of Chunghwa Telecom Co. from a “c+” rating to a “b” rating in a research report on Thursday, March 16th. Zacks Investment Research upgraded shares of Chunghwa Telecom Co. from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Finally, BidaskClub lowered shares of Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th.

Shares of Chunghwa Telecom Co. (CHT) traded up 0.62% during mid-day trading on Tuesday, hitting $35.60. The stock had a trading volume of 159,154 shares. The company’s 50 day moving average price is $35.52 and its 200 day moving average price is $33.64. Chunghwa Telecom Co. has a 12-month low of $31.28 and a 12-month high of $38.47. The stock has a market cap of $27.62 billion, a P/E ratio of 21.84 and a beta of 0.33.

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

The company also recently disclosed an annual dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, July 21st will be issued a $1.6294 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a yield of 4.57%. This is a positive change from Chunghwa Telecom Co.’s previous annual dividend of $1.33. Chunghwa Telecom Co.’s payout ratio is currently 88.31%.

A number of institutional investors have recently modified their holdings of the company. Eqis Capital Management Inc. raised its position 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 worth $238,000 after buying an additional 246 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Chunghwa Telecom Co. by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 29,832 shares of the utilities provider’s stock worth $1,014,000 after buying an additional 248 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Chunghwa Telecom Co. by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,531 shares of the utilities provider’s stock worth $698,000 after buying an additional 446 shares in the last quarter. Bailard Inc. raised its position in shares of Chunghwa Telecom Co. by 4.8% in the first quarter. Bailard Inc. now owns 11,408 shares of the utilities provider’s stock worth $388,000 after buying an additional 522 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Chunghwa Telecom Co. by 1.3% in the first quarter. Comerica Bank now owns 44,948 shares of the utilities provider’s stock worth $1,523,000 after buying an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

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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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