PLDT (NYSE:PHI) Upgraded at StockNews.com

PLDT (NYSE:PHI) was upgraded by investment 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 %

PHI traded down $0.49 during midday trading on Thursday, reaching $21.55. The company’s stock had a trading volume of 142,584 shares, compared to its average volume of 51,918. The stock’s 50-day moving average is $25.67 and its 200-day moving average is $25.56. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 1.14 and a beta of 0.69. PLDT has a 1 year low of $21.52 and a 1 year high of $30.39. The company has a current ratio of 0.33, a quick ratio of 0.32 and a debt-to-equity ratio of 2.21.

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

Institutional Trading of PLDT

A number of hedge funds and other institutional investors have recently modified their holdings of PHI. American Century Companies Inc. grew its stake in shares of PLDT by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 93,479 shares of the technology company’s stock worth $2,296,000 after buying an additional 9,206 shares in the last quarter. Creative Planning lifted its holdings in shares of PLDT by 21.1% in the 3rd quarter. Creative Planning now owns 67,897 shares of the technology company’s stock worth $1,825,000 after acquiring an additional 11,847 shares during the last quarter. Oldfield Partners LLP lifted its holdings in shares of PLDT by 0.9% in the 3rd quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock worth $1,220,000 after acquiring an additional 400 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of PLDT by 337.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock worth $934,000 after acquiring an additional 29,225 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in PLDT by 80.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company’s stock valued at $464,000 after buying an additional 8,408 shares in the last quarter. 2.26% of the stock is owned by hedge funds and other institutional investors.

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.