Chunghwa Telecom Co. Ltd. (NYSE: CHT) is -3.34% lower on its value in year-to-date trading and has touched a low of $39.12 and a high of $45.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHT stock was last observed hovering at around $40.81 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $40.71 for the next 12 months. It is also 12.69% off the consensus price target high of $46.73 offered by 9 analysts, but current levels are -5.78% lower than the price target low of $38.57 for the same period.
Currently trading at $40.80, the stock is -3.32% and -3.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing -0.02% at the moment leaves the stock -3.41% off its SMA200. CHT registered 0.57% gain for a year compared to 6-month loss of -4.40%.
The stock witnessed a -2.23% gain in the last 1 month and extending the period to 3 months gives it a -8.11%, and is -1.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.71% over the week and 1.01% over the month.
Chunghwa Telecom Co. Ltd. (CHT) has around 20341 employees, a market worth around $31.65B and $210.48B in sales. Current P/E ratio is 24.73. Distance from 52-week low is 4.28% and -11.05% from its 52-week high.
Chunghwa Telecom Co. Ltd. (CHT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Chunghwa Telecom Co. Ltd. (CHT) is a “Hold”. 9 analysts offering their recommendations for the stock, where 7 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Chunghwa Telecom Co. Ltd. is expected to release its quarterly report on 11/02/2022.
Chunghwa Telecom Co. Ltd. (CHT) Top Institutional Holders
The shares outstanding are 775.75M, and float is at 445.53M with Short Float at 0.12%.
Chunghwa Telecom Co. Ltd. (CHT): Who are the competitors?
The company’s main competitors (and peers) include KT Corporation (KT) that is trading -0.77% down over the past 12 months and Sify Technologies Limited (SIFY) that is -32.24% lower over the same period.