PLDT (NYSE:PHI) Raised to “Strong-Buy” at StockNews.com

PLDT (NYSE:PHI) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

PLDT Stock Down 2.2 %

NYSE PHI traded down $0.49 during trading on Thursday, reaching $21.55. 142,584 shares of the company’s stock traded hands, compared to its average volume of 51,918. The company’s 50 day simple moving average is $25.67 and its two-hundred day simple moving average is $25.56. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.33 and a quick ratio of 0.32. PLDT has a 12-month low of $21.52 and a 12-month high of $30.39. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69.

PLDT (NYSE:PHI) last released its earnings results on Tuesday, November 12th. The technology company reported $0.68 earnings per share for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.17%. The company had revenue of $933.44 million for the quarter. As a group, sell-side analysts forecast that PLDT will post 2.76 EPS for the current fiscal year.

Institutional Investors Weigh In On PLDT

A number of hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its position in shares of PLDT by 337.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock worth $934,000 after purchasing an additional 29,225 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in PLDT in the third quarter valued at approximately $28,000. SageView Advisory Group LLC acquired a new stake in PLDT in the first quarter valued at approximately $62,000. Sequoia Financial Advisors LLC raised its holdings in PLDT by 19.7% in the second quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock valued at $256,000 after acquiring an additional 1,719 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in PLDT by 194.8% in the third quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock valued at $341,000 after acquiring an additional 9,174 shares in the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

About PLDT

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.