PLDT Inc (NYSE:PHI) has received an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company.
Several brokerages have recently issued reports on PHI. Zacks Investment Research raised PLDT from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. ValuEngine downgraded shares of PLDT from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Finally, Nomura upgraded shares of PLDT from a “neutral” rating to a “buy” rating in a report on Friday, August 9th.
Hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in PLDT by 0.8% during the second quarter. Bank of America Corp DE now owns 73,170 shares of the technology company’s stock valued at $1,816,000 after purchasing an additional 588 shares during the period. Advisor Group Inc. lifted its position in shares of PLDT by 970.3% during the 2nd quarter. Advisor Group Inc. now owns 974 shares of the technology company’s stock valued at $25,000 after buying an additional 883 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of PLDT during the 2nd quarter valued at $34,000. Whittier Trust Co. bought a new position in shares of PLDT during the 3rd quarter worth $31,000. Finally, State Street Corp grew its stake in shares of PLDT by 4.4% during the 3rd quarter. State Street Corp now owns 43,290 shares of the technology company’s stock worth $952,000 after acquiring an additional 1,827 shares during the period. Institutional investors own 7.85% of the company’s stock.
Shares of PHI traded down $0.82 on Friday, reaching $20.29. 231,860 shares of the company’s stock traded hands, compared to its average volume of 114,487. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 1.57. The stock has a market cap of $4.68 billion, a PE ratio of 8.94 and a beta of 0.49. The stock’s 50 day simple moving average is $21.47 and its two-hundred day simple moving average is $22.53. PLDT has a 52-week low of $19.36 and a 52-week high of $26.33.
PLDT (NYSE:PHI) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.55 EPS for the quarter. PLDT had a return on equity of 22.63% and a net margin of 11.09%. The business had revenue of $819.96 million for the quarter. Analysts forecast that PLDT will post 2.44 earnings per share for the current year.
PLDT Inc operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.
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