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

Shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a one year consensus target price of $34.00 for the company, according to Zacks. Zacks has also given Chunghwa Telecom an industry rank of 224 out of 255 based on the ratings given to related companies.

NYSE CHT traded up $0.26 on Friday, reaching $36.25. The company had a trading volume of 39,593 shares, compared to its average volume of 75,779. The firm has a market capitalization of $27.92 billion, a PE ratio of 25.52 and a beta of 0.11. Chunghwa Telecom has a 1 year low of $33.61 and a 1 year high of $36.92. The firm has a 50-day moving average of $35.02 and a 200-day moving average of $35.47. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.15 and a quick ratio of 0.99.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.35 earnings per share for the quarter. The firm had revenue of $1.61 billion during the quarter. Chunghwa Telecom had a return on equity of 8.95% and a net margin of 16.32%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC boosted its stake in shares of Chunghwa Telecom by 5.4% during the 2nd quarter. Aperio Group LLC now owns 1,368,387 shares of the utilities provider’s stock valued at $50,001,000 after buying an additional 70,050 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Chunghwa Telecom by 10.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 756,329 shares of the utilities provider’s stock valued at $26,887,000 after buying an additional 68,821 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Chunghwa Telecom by 3.7% during the 2nd quarter. Northern Trust Corp now owns 1,661,703 shares of the utilities provider’s stock valued at $60,718,000 after buying an additional 58,934 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Chunghwa Telecom by 38.5% during the 2nd quarter. BlackRock Inc. now owns 176,346 shares of the utilities provider’s stock valued at $6,444,000 after buying an additional 49,059 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Chunghwa Telecom by 28.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 159,097 shares of the utilities provider’s stock valued at $5,813,000 after buying an additional 35,065 shares during the last quarter. Hedge funds and other institutional investors own 2.72% of the company’s stock.

About Chunghwa Telecom

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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