Chunghwa Telecom (NYSE:CHT) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Chunghwa Telecom Co., Ltd. (NYSE:CHT)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.04 and traded as high as $44.37. Chunghwa Telecom shares last traded at $44.05, with a volume of 133,436 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CHT shares. Zacks Research raised Chunghwa Telecom to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Chunghwa Telecom Stock Performance

The stock has a market cap of $34.17 billion, a PE ratio of 26.86, a P/E/G ratio of 1.94 and a beta of 0.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46. The stock has a 50-day simple moving average of $44.28 and a 200-day simple moving average of $43.04.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 EPS for the quarter. The company had revenue of $1.88 billion for the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%. Equities analysts predict that Chunghwa Telecom Co., Ltd. will post 1.57 earnings per share for the current fiscal year.

Chunghwa Telecom Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a $1.6525 dividend. The ex-dividend date is Thursday, July 9th. This represents a yield of 370.0%. Chunghwa Telecom’s dividend payout ratio (DPR) is presently 79.27%.

Institutional Investors Weigh In On Chunghwa Telecom

Several institutional investors have recently bought and sold shares of CHT. Smartleaf Asset Management LLC acquired a new stake in shares of Chunghwa Telecom in the second quarter worth $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Chunghwa Telecom during the 4th quarter valued at $59,000. Inspire Investing LLC purchased a new stake in Chunghwa Telecom during the 4th quarter worth $75,000. SG Americas Securities LLC purchased a new stake in Chunghwa Telecom during the 4th quarter worth $130,000. Finally, Focus Partners Wealth acquired a new stake in Chunghwa Telecom in the 3rd quarter valued at $143,000. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

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.