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

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) saw an uptick in trading volume on Thursday . 134,331 shares traded hands during trading, an increase of 46% from the previous session’s volume of 91,859 shares.The stock last traded at $38.91 and had previously closed at $38.82.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a research note on Monday.

Chunghwa Telecom Price Performance

The company has a market cap of $30.28 billion, a P/E ratio of 26.19, a PEG ratio of 21.42 and a beta of 0.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The company has a fifty day simple moving average of $38.58 and a 200-day simple moving average of $38.40.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results 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, sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Chunghwa Telecom in the 4th quarter worth approximately $54,000. BNP Paribas Financial Markets lifted its holdings in shares of Chunghwa Telecom by 617.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 1,457 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Chunghwa Telecom by 71.4% in the fourth quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after buying an additional 1,285 shares during the period. GeoWealth Management LLC purchased a new position in shares of Chunghwa Telecom during the fourth quarter valued at $117,000. Finally, R Squared Ltd acquired a new position in Chunghwa Telecom during the fourth quarter valued at $127,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

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.