Chunghwa Telecom (NYSE:CHT) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?
by Amy Steele · The Cerbat GemChunghwa Telecom Co., Ltd. (NYSE:CHT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.39 and traded as high as $43.45. Chunghwa Telecom shares last traded at $43.1650, with a volume of 107,793 shares traded.
Analyst Ratings Changes
A number of research firms recently commented on CHT. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday. Zacks Research upgraded Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.
View Our Latest Analysis on Chunghwa Telecom
Chunghwa Telecom Stock Down 0.2%
The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.06. The stock has a market cap of $33.42 billion, a P/E ratio of 26.75, a PEG ratio of 5.78 and a beta of 0.31. The business has a 50-day simple moving average of $42.82 and a 200-day simple moving average of $42.39.
Chunghwa Telecom (NYSE:CHT – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.38 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.85% and a net margin of 16.37%.The company had revenue of $2.09 billion during the quarter. Analysts expect that Chunghwa Telecom Co., Ltd. will post 1.59 EPS for the current year.
Institutional Investors Weigh In On Chunghwa Telecom
Several hedge funds have recently modified their holdings of CHT. Evergreen Capital Management LLC increased its position in shares of Chunghwa Telecom by 1.7% during the third quarter. Evergreen Capital Management LLC now owns 14,822 shares of the utilities provider’s stock valued at $647,000 after acquiring an additional 245 shares during the last quarter. Compound Planning Inc. increased its position in shares of Chunghwa Telecom by 2.6% during the third quarter. Compound Planning Inc. now owns 9,802 shares of the utilities provider’s stock valued at $428,000 after acquiring an additional 251 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Chunghwa Telecom by 65.9% during the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 344 shares during the last quarter. Geode Capital Management LLC increased its position in Chunghwa Telecom by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 5,099 shares of the utilities provider’s stock worth $213,000 after buying an additional 365 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its position in Chunghwa Telecom by 1.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,076 shares of the utilities provider’s stock worth $1,399,000 after buying an additional 425 shares during the last quarter. 2.11% of the stock is owned by institutional investors.
Chunghwa Telecom Company Profile
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.