PLDT (NYSE:PHI) Cut to “Buy” at StockNews.com

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

PLDT Price Performance

PLDT stock traded down $0.72 on Monday, reaching $26.74. The company’s stock had a trading volume of 28,538 shares, compared to its average volume of 52,624. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.41 and a beta of 0.67. PLDT has a twelve month low of $20.27 and a twelve month high of $30.39. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.32 and a current ratio of 0.33. The business’s fifty day moving average price is $26.94 and its 200 day moving average price is $25.29.

PLDT (NYSE:PHI) last released its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.67 EPS for the quarter. The business had revenue of $923.00 million during the quarter. PLDT had a return on equity of 21.49% and a net margin of 12.33%. Equities analysts expect that PLDT will post 2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLDT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHI. PNC Financial Services Group Inc. increased its holdings in shares of PLDT by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,836 shares of the technology company’s stock worth $324,000 after acquiring an additional 433 shares in the last quarter. Oldfield Partners LLP increased its holdings in shares of PLDT by 1.1% in the second quarter. Oldfield Partners LLP now owns 45,000 shares of the technology company’s stock worth $1,105,000 after acquiring an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of PLDT by 141.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock worth $33,000 after acquiring an additional 819 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of PLDT by 19.7% in the second quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock worth $256,000 after acquiring an additional 1,719 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of PLDT in the first quarter worth about $62,000. 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.