PLDT Inc. (PHI) Receives Average Rating of “Hold” from Analysts
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.
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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.
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.
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