NEW YORK ( TheStreet) -- Chunghwa Telecom (NYSE: CHT) is trading at unusually high volume Wednesday with 1.2 million shares changing hands. It is currently at four times its average daily volume and trading up 65 cents (+2.2%) at $30.41 as of 3:25 p.m. ET. Chunghwa Telecom has a market cap of $24.61 billion and is part of the technology sector and telecommunications industry. Shares are down 10.6% year to date as of the close of trading on Tuesday. Chunghwa Telecom Co., Ltd. provides integrated telecommunications services primarily in Taiwan. The company has a P/E ratio of 12, below the average telecommunications industry P/E ratio of 42.7 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Chunghwa Telecom as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Chunghwa Telecom Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.