Shares of Chunghwa Telecom Co. (NYSE:CHT) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a one year consensus target price of $37.82 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 42 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Chunghwa Telecom from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th.
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of Chunghwa Telecom by 9.1% in the first quarter. Renaissance Technologies LLC now owns 2,379,948 shares of the company’s stock valued at $80,347,000 after buying an additional 197,864 shares during the period. AXA bought a new position in Chunghwa Telecom during the first quarter worth approximately $196,000. Aviance Capital Management LLC bought a new position in Chunghwa Telecom during the second quarter worth approximately $546,000. Goldman Sachs Group Inc. raised its position in Chunghwa Telecom by 25.9% in the first quarter. Goldman Sachs Group Inc. now owns 146,722 shares of the company’s stock worth $4,953,000 after buying an additional 30,203 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in Chunghwa Telecom by 58.1% in the second quarter. Ngam Advisors L.P. now owns 180,594 shares of the company’s stock worth $6,556,000 after buying an additional 66,339 shares during the last quarter. 5.47% of the stock is owned by institutional investors and hedge funds.
Chunghwa Telecom (NYSE:CHT) opened at 35.29 on Tuesday. The stock’s 50 day moving average price is $35.63 and its 200-day moving average price is $35.24. The firm has a market cap of $27.38 billion, a PE ratio of 19.94 and a beta of 0.28. Chunghwa Telecom has a 12-month low of $29.31 and a 12-month high of $38.47.
Chunghwa Telecom 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.