PLDT (NYSE:PHI) Upgraded by StockNews.com to Strong-Buy Rating

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

PLDT Trading Up 0.7 %

Shares of PHI stock opened at $24.59 on Friday. The firm has a fifty day moving average of $22.88 and a 200-day moving average of $24.18. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 1.14 and a beta of 0.68. PLDT has a 52-week low of $21.00 and a 52-week high of $30.39. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34.

Institutional Investors Weigh In On PLDT

Several large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in shares of PLDT during the 4th quarter worth approximately $49,000. BNP Paribas Financial Markets bought a new position in shares of PLDT during the third quarter valued at $79,000. Ascent Group LLC bought a new position in shares of PLDT during the third quarter valued at $218,000. Sequoia Financial Advisors LLC boosted its stake in shares of PLDT by 12.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of PLDT in the 4th quarter worth about $266,000. 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.