PLDT (NYSE:PHI) Downgraded to “Buy” Rating by StockNews.com

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

PLDT Trading Up 0.0%

Shares of PHI stock opened at $23.34 on Tuesday. PLDT has a 1 year low of $20.29 and a 1 year high of $29.05. The firm’s fifty day simple moving average is $22.95 and its 200 day simple moving average is $22.85. The firm has a market capitalization of $5.04 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24.

PLDT (NYSE:PHI) last announced its earnings results on Thursday, March 13th. The technology company reported $0.67 earnings per share (EPS) for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. The business had revenue of $960.62 million for the quarter. As a group, sell-side analysts predict that PLDT will post 2.76 EPS for the current year.

Hedge Funds Weigh In On PLDT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in PLDT by 3.4% during the first quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company’s stock valued at $290,000 after acquiring an additional 437 shares during the period. Signaturefd LLC increased its holdings in PLDT by 3.0% in the 1st quarter. Signaturefd LLC now owns 15,674 shares of the technology company’s stock valued at $343,000 after buying an additional 455 shares during the period. GAMMA Investing LLC increased its holdings in PLDT by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company’s stock valued at $48,000 after buying an additional 750 shares during the period. Vident Advisory LLC increased its holdings in PLDT by 2.0% in the 4th quarter. Vident Advisory LLC now owns 42,876 shares of the technology company’s stock valued at $950,000 after buying an additional 854 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of PLDT by 9.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company’s stock valued at $279,000 after purchasing an additional 1,108 shares during the period. 2.26% of the stock is currently owned by 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.