Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Chunghwa Telecom Co Ltd (NYSE: CHT) weakened during the last several trading days. CHT’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Chunghwa Telecom Co Ltd (NYSE: CHT) stock closed at $39.25 on 5/20/24 after a slight gain of 0.2%. However, exceptionally low trading volume at 46% of normal accompanied the advance. The stock has risen 2.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
CHT is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Chunghwa Telecom has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Chunghwa Telecom has a neutral Power Rating of 45 and a neutral Appreciation Score of 42, triggering the Negative Value Trend Rating.
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