Chunghwa Telecom Co. Ltd (ADR) (CHT) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Chunghwa Telecom Co. Ltd (ADR). Chunghwa Telecom Co. Ltd (ADR) was Upgraded by HSBC Securities to ” Hold” on Apr 22, 2016.
Chunghwa Telecom Co. Ltd (ADR) opened for trading at $34.15 and hit $34.36 on the upside on Wednesday, eventually ending the session at $34.3, with a gain of 0.53% or 0.18 points. The heightened volatility saw the trading volume jump to 1,62,197 shares. Company has a market cap of $26,608 M.
Chunghwa Telecom Co. Ltd. is a telecommunications service provider in Taiwan. The Company’s segments include: Domestic fixed communications business which is engaged in the provision of local telephone services domestic long distance telephone services broadband access and related services; Mobile communications business which is engaged in the provision of mobile services sales of mobile handsets and data cards and related services; Internet business which is engaged in the provision of HiNet and related services; International fixed communications business which is engaged in the provision of international long distance telephone and related services and Others which includes the Company’s non-telecom services including property sales made by its subsidiary Light Era Development Co. Ltd. and electronic products sales made by its subsidiary Chunghwa Precision Test Tech Co. Ltd.