Analysts Set $34.00 Target Price for Chunghwa Telecom Co., Ltd (NYSE:CHT)

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.



CHT stock traded down $0.11 during mid-day trading on Friday, reaching $36.29. 101,600 shares of the stock traded hands, compared to its average volume of 71,443. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.43 and a current ratio of 1.66. Chunghwa Telecom has a 52-week low of $34.02 and a 52-week high of $36.92. The stock has a market capitalization of $28.04 billion, a P/E ratio of 24.52 and a beta of 0.14. The stock has a fifty day moving average of $36.37.

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.

Read More: What is the Coverage Ratio?

Get a free copy of the Zacks research report on Chunghwa Telecom (CHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Chunghwa Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chunghwa Telecom and related companies with MarketBeat.com's FREE daily email newsletter.