PLDT (NYSE:PHI) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday, ValuEngine reports.
Separately, Zacks Investment Research raised shares of PLDT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.
PLDT stock traded down $0.23 during trading on Friday, reaching $19.43. The company had a trading volume of 128,000 shares, compared to its average volume of 122,436. The firm’s 50-day simple moving average is $21.24 and its 200 day simple moving average is $22.33. PLDT has a 1-year low of $19.36 and a 1-year high of $26.33. The firm has a market capitalization of $4.24 billion, a PE ratio of 8.56 and a beta of 0.49. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.35 and a current ratio of 0.37.
PLDT (NYSE:PHI) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.55 earnings per share (EPS) for the quarter. PLDT had a net margin of 11.09% and a return on equity of 22.63%. The firm had revenue of $819.96 million for the quarter. Analysts anticipate that PLDT will post 2.44 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in PLDT by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,048,554 shares of the technology company’s stock worth $75,665,000 after purchasing an additional 124,600 shares during the last quarter. Aperio Group LLC boosted its stake in PLDT by 49.5% during the 2nd quarter. Aperio Group LLC now owns 516,600 shares of the technology company’s stock worth $12,822,000 after purchasing an additional 170,992 shares during the last quarter. Royal Bank of Canada boosted its stake in PLDT by 3.5% during the 2nd quarter. Royal Bank of Canada now owns 364,987 shares of the technology company’s stock worth $9,058,000 after purchasing an additional 12,180 shares during the last quarter. Northern Trust Corp boosted its stake in PLDT by 41.4% during the 2nd quarter. Northern Trust Corp now owns 361,781 shares of the technology company’s stock worth $8,979,000 after purchasing an additional 105,874 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in PLDT by 60.5% during the 2nd quarter. BlackRock Inc. now owns 179,716 shares of the technology company’s stock worth $4,462,000 after purchasing an additional 67,720 shares during the last quarter. 7.85% of the stock is currently owned by institutional investors.
PLDT Company Profile
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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