Chunghwa Telecom Co. Ltd (ADR) (CHT) is Downgraded by Citigroup to Neutral

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.

Chunghwa Telecom Co. Ltd (ADR)

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