Chunghwa Telecom (NYSE:CHT) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw unusually-high trading volume on Monday . Approximately 104,630 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 100,341 shares.The stock last traded at $38.52 and had previously closed at $38.84.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

Chunghwa Telecom Stock Down 0.6 %

The company has a market cap of $29.68 billion, a P/E ratio of 25.68, a PEG ratio of 21.41 and a beta of 0.20. The business’s 50 day moving average price is $38.03 and its 200-day moving average price is $38.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chunghwa Telecom

Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its position in shares of Chunghwa Telecom by 117.6% during the second quarter. Thrivent Financial for Lutherans now owns 15,434 shares of the utilities provider’s stock worth $596,000 after purchasing an additional 8,341 shares in the last quarter. Creative Planning lifted its holdings in Chunghwa Telecom by 1.1% during the 3rd quarter. Creative Planning now owns 124,913 shares of the utilities provider’s stock worth $4,955,000 after buying an additional 1,420 shares in the last quarter. Blue Trust Inc. boosted its position in Chunghwa Telecom by 88.0% in the 3rd quarter. Blue Trust Inc. now owns 36,893 shares of the utilities provider’s stock valued at $1,424,000 after buying an additional 17,270 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Chunghwa Telecom by 27.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,887 shares of the utilities provider’s stock valued at $1,106,000 after buying an additional 6,087 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of Chunghwa Telecom during the third quarter worth $217,000. Institutional investors own 2.11% of the company’s stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.