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

Chunghwa Telecom Co., Ltd. (NYSE:CHT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.47 and traded as high as $43.90. Chunghwa Telecom shares last traded at $43.7780, with a volume of 125,952 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Monday, April 20th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Chunghwa Telecom Price Performance

The company has a market capitalization of $33.96 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 5.94 and a beta of 0.29. The company’s 50 day simple moving average is $43.05 and its 200-day simple moving average is $42.47. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06.

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

Institutional Investors Weigh In On Chunghwa Telecom

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Chunghwa Telecom by 1.3% in the first quarter. Renaissance Technologies LLC now owns 2,765,296 shares of the utilities provider’s stock worth $116,806,000 after acquiring an additional 36,820 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chunghwa Telecom by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 548,080 shares of the utilities provider’s stock worth $23,145,000 after acquiring an additional 31,280 shares during the last quarter. Creative Planning boosted its position in shares of Chunghwa Telecom by 20.0% in the third quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after acquiring an additional 63,523 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Chunghwa Telecom by 12.7% in the third quarter. American Century Companies Inc. now owns 371,284 shares of the utilities provider’s stock worth $16,195,000 after acquiring an additional 41,823 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Chunghwa Telecom by 67.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock worth $15,362,000 after acquiring an additional 148,378 shares during the last quarter. 2.11% of the stock is owned by institutional investors and hedge funds.

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.