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

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

PLDT Stock Up 0.4 %

NYSE PHI opened at $24.71 on Friday. The stock has a market cap of $5.34 billion, a PE ratio of 8.16, a PEG ratio of 1.14 and a beta of 0.68. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The firm has a 50-day simple moving average of $22.99 and a 200 day simple moving average of $24.13. PLDT has a twelve month low of $21.00 and a twelve month high of $30.39.

Institutional Investors Weigh In On PLDT

Several institutional investors have recently bought and sold shares of PHI. Invesco Ltd. raised its holdings in shares of PLDT by 19.8% in the fourth quarter. Invesco Ltd. now owns 1,536,883 shares of the technology company’s stock valued at $34,042,000 after purchasing an additional 254,110 shares during the last quarter. Northern Trust Corp raised its stake in shares of PLDT by 1,189.5% during the 4th quarter. Northern Trust Corp now owns 138,992 shares of the technology company’s stock worth $3,079,000 after purchasing an additional 128,213 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of PLDT by 40.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,316 shares of the technology company’s stock valued at $2,510,000 after buying an additional 32,791 shares in the last quarter. American Century Companies Inc. lifted its stake in PLDT by 13.8% in the fourth quarter. American Century Companies Inc. now owns 110,252 shares of the technology company’s stock valued at $2,442,000 after acquiring an additional 13,406 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of PLDT by 655.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company’s stock worth $2,334,000 after purchasing an additional 91,418 shares during the last quarter. Institutional investors own 2.26% of the company’s stock.

PLDT Company Profile

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.