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

Brokers have set a 1-year consensus target price of $29.66 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom Co. an industry rank of 80 out of 265 based on the ratings given to its competitors.

Several research firms have recently weighed in on CHT. UBS AG downgraded Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a research report on Friday, May 12th. Zacks Investment Research raised Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, May 29th. Finally, BidaskClub downgraded Chunghwa Telecom Co. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.

Several large investors have recently modified their holdings of CHT. Vanguard Group Inc. boosted its stake in shares of Chunghwa Telecom Co. by 6.6% in the second quarter. Vanguard Group Inc. now owns 4,759,680 shares of the utilities provider’s stock worth $167,635,000 after buying an additional 294,916 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Chunghwa Telecom Co. by 1.7% in the second quarter. Renaissance Technologies LLC now owns 2,796,148 shares of the utilities provider’s stock worth $98,480,000 after buying an additional 45,764 shares during the period. Northern Trust Corp boosted its stake in shares of Chunghwa Telecom Co. by 2.8% in the second quarter. Northern Trust Corp now owns 1,541,844 shares of the utilities provider’s stock worth $54,304,000 after buying an additional 42,278 shares during the period. TD Asset Management Inc. boosted its stake in shares of Chunghwa Telecom Co. by 6.2% in the second quarter. TD Asset Management Inc. now owns 1,453,800 shares of the utilities provider’s stock worth $51,203,000 after buying an additional 85,300 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Chunghwa Telecom Co. during the first quarter worth $36,485,000. Hedge funds and other institutional investors own 3.40% of the company’s stock.

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Chunghwa Telecom Co. (CHT) traded up 0.06% during midday trading on Tuesday, hitting $33.86. 81,783 shares of the company were exchanged. Chunghwa Telecom Co. has a one year low of $31.28 and a one year high of $36.88. The stock has a market capitalization of $26.27 billion, a PE ratio of 20.77 and a beta of 0.33. The firm’s 50-day moving average price is $34.78 and its 200-day moving average price is $34.25.

Chunghwa Telecom Co. (NYSE:CHT) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. Chunghwa Telecom Co. had a return on equity of 10.26% and a net margin of 16.49%. The business had revenue of $1.84 billion for the quarter. Equities research analysts anticipate that Chunghwa Telecom Co. will post $1.66 earnings per share for the current year.

The company also recently announced 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. This represents a dividend yield of 4.57%. This is a boost from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date is Wednesday, July 19th. Chunghwa Telecom Co.’s dividend payout ratio is currently 82.58%.

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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