Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a one year consensus target price of $34.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 217 out of 256 based on the ratings given to related companies.
Institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. purchased a new stake in Chunghwa Telecom during the 4th quarter valued at about $119,000. Northern Trust Corp grew its stake in Chunghwa Telecom by 16.6% during the 4th quarter. Northern Trust Corp now owns 1,345,108 shares of the utilities provider’s stock valued at $48,142,000 after acquiring an additional 191,815 shares in the last quarter. Natixis Advisors L.P. grew its stake in Chunghwa Telecom by 5.8% during the 4th quarter. Natixis Advisors L.P. now owns 33,351 shares of the utilities provider’s stock valued at $1,193,000 after acquiring an additional 1,827 shares in the last quarter. Bank of America Corp DE grew its stake in Chunghwa Telecom by 30.5% during the 4th quarter. Bank of America Corp DE now owns 162,576 shares of the utilities provider’s stock valued at $5,819,000 after acquiring an additional 37,997 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in Chunghwa Telecom during the 4th quarter valued at about $2,815,000. Institutional investors own 2.35% of the company’s stock.
Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Monday, April 29th. The utilities provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $1.66 billion for the quarter. Chunghwa Telecom had a return on equity of 9.24% and a net margin of 16.58%.
Chunghwa Telecom Company Profile
Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.
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