Chunghwa Telecom Co., Ltd. (NYSE:CHT – Get Rating) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 273,800 shares, a drop of 18.1% from the August 31st total of 334,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 167,500 shares, the days-to-cover ratio is currently 1.6 days.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. upgraded Chunghwa Telecom from a “neutral” rating to an “overweight” rating in a research note on Monday, July 18th.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of Chunghwa Telecom in the 2nd quarter worth approximately $25,000. CWM LLC grew its position in shares of Chunghwa Telecom by 296.1% in the 1st quarter. CWM LLC now owns 602 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 450 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Chunghwa Telecom in the 2nd quarter worth approximately $27,000. Royal Bank of Canada grew its position in shares of Chunghwa Telecom by 154.6% in the 1st quarter. Royal Bank of Canada now owns 769 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 467 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Chunghwa Telecom during the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 2.43% of the company’s stock.
Chunghwa Telecom Stock Down 0.9 %
NYSE CHT traded down $0.34 during mid-day trading on Friday, reaching $35.53. 230,519 shares of the company’s stock traded hands, compared to its average volume of 220,272. Chunghwa Telecom has a 1-year low of $35.52 and a 1-year high of $45.87. The company has a fifty day simple moving average of $39.32 and a 200-day simple moving average of $41.67. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The company has a market cap of $27.56 billion, a price-to-earnings ratio of 21.40 and a beta of 0.06.
Chunghwa Telecom (NYSE:CHT – Get Rating) last issued its earnings results on Friday, July 29th. The utilities provider reported $0.42 EPS for the quarter. The company had revenue of $1.78 billion during the quarter. Chunghwa Telecom had a return on equity of 9.49% and a net margin of 17.10%.
Chunghwa Telecom Company Profile
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Chunghwa Telecom, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Chunghwa Telecom wasn’t on the list.
While Chunghwa Telecom currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from NYSE Updates – My Blog https://ift.tt/tFbdcKH
via IFTTT
No comments:
Post a Comment