Chunghwa Telecom Co., Ltd (NYSE:CHT) has received an average 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.
Analysts have set a 12 month consensus target price of $36.00 for the company, according to Zacks. Zacks has also assigned Chunghwa Telecom an industry rank of 220 out of 257 based on the ratings given to its competitors.
Several equities analysts have issued reports on the company. HSBC lowered Chunghwa Telecom from a “hold” rating to a “reduce” rating in a report on Wednesday, October 31st. Morgan Stanley downgraded shares of Chunghwa Telecom from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 7th. Finally, Deutsche Bank downgraded shares of Chunghwa Telecom from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th.
Shares of CHT stock traded up $0.33 during mid-day trading on Friday, hitting $34.68. 9,275 shares of the stock were exchanged, compared to its average volume of 106,415. The firm has a market cap of $26.62 billion, a price-to-earnings ratio of 21.15 and a beta of 0.30. Chunghwa Telecom has a 12-month low of $33.69 and a 12-month high of $39.33.
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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