Chunghwa Telecom (NYSE:CHT) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Chunghwa Telecom (NYSE:CHT – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Chunghwa Telecom stock opened at $44.35 on Wednesday. The stock has a 50-day moving average of $44.21 and a two-hundred day moving average of $42.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.24 and a current ratio of 1.42. Chunghwa Telecom has a one year low of $39.12 and a one year high of $45.87. The stock has a market cap of $34.40 billion, a PE ratio of 27.04 and a beta of 0.06.

Chunghwa Telecom (NYSE:CHT – Get Rating) last released its quarterly earnings results on Wednesday, January 26th. The utilities provider reported $0.40 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.28% and a net margin of 17.00%. The company had revenue of $2.15 billion during the quarter. As a group, sell-side analysts predict that Chunghwa Telecom will post 0.17 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of CHT. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Chunghwa Telecom by 2.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 12,287 shares of the utilities provider’s stock worth $483,000 after purchasing an additional 300 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Chunghwa Telecom by 3.3% during the third quarter. PNC Financial Services Group Inc. now owns 9,488 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 303 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Chunghwa Telecom by 3.3% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 11,209 shares of the utilities provider’s stock worth $498,000 after purchasing an additional 354 shares during the last quarter. PDS Planning Inc raised its holdings in shares of Chunghwa Telecom by 6.3% during the fourth quarter. PDS Planning Inc now owns 6,324 shares of the utilities provider’s stock worth $267,000 after purchasing an additional 377 shares during the last quarter. Finally, Glassman Wealth Services raised its holdings in shares of Chunghwa Telecom by 98.2% during the fourth quarter. Glassman Wealth Services now owns 777 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 385 shares during the last quarter. 2.16% of the stock is owned by institutional investors and hedge funds.

About Chunghwa Telecom (Get Rating)

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.

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