Shares of PLDT Inc. (NYSE:PHI) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company.

Several analysts recently weighed in on PHI shares. CLSA upgraded PLDT from a “sell” rating to a “buy” rating in a research report on Wednesday, May 24th. TheStreet upgraded PLDT from a “d+” rating to a “c-” rating in a research report on Monday, June 5th. Deutsche Bank AG downgraded PLDT from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research raised PLDT from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, BidaskClub cut PLDT from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st.

COPYRIGHT VIOLATION WARNING: “PLDT Inc. (PHI) Receives Average Rating of “Hold” from Analysts” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/08/09/pldt-inc-phi-receives-average-rating-of-hold-from-analysts-updated-updated-updated.html.

PLDT (PHI) opened at 32.97 on Friday. PLDT has a 52-week low of $25.50 and a 52-week high of $41.61. The stock’s 50 day moving average is $34.56 and its 200 day moving average is $32.97. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 19.31 and a beta of 1.01.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC raised its position in PLDT by 6.3% in the first quarter. Lazard Asset Management LLC now owns 9,410,197 shares of the technology company’s stock worth $302,631,000 after buying an additional 556,470 shares in the last quarter. Karp Capital Management Corp bought a new position in PLDT during the first quarter worth $3,277,000. Canada Pension Plan Investment Board raised its position in PLDT by 221.4% in the second quarter. Canada Pension Plan Investment Board now owns 96,410 shares of the technology company’s stock worth $3,404,000 after buying an additional 66,409 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PLDT by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 349,577 shares of the technology company’s stock worth $11,226,000 after buying an additional 32,114 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of PLDT by 75.4% in the first quarter. Envestnet Asset Management Inc. now owns 62,133 shares of the technology company’s stock worth $1,998,000 after buying an additional 26,711 shares during the period. Institutional investors own 10.19% of the company’s stock.

About PLDT

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

Analyst Recommendations for PLDT (NYSE:PHI)

Receive News & Stock Ratings for PLDT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PLDT Inc. and related stocks with our FREE daily email newsletter.