PLDT Inc. (PHI) Given Consensus Recommendation of “Hold” by Brokerages
PLDT Inc. (NYSE:PHI) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company.
Several analysts have recently commented on PHI shares. TheStreet upgraded shares of PLDT from a “d+” rating to a “c-” rating in a research report on Monday, June 5th. Zacks Investment Research downgraded shares of PLDT from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. BidaskClub downgraded shares of PLDT from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Deutsche Bank AG lowered PLDT from a “buy” rating to a “hold” rating in a research note on Monday, July 17th.
PLDT (NYSE:PHI) traded up 0.31% on Wednesday, hitting $32.02. 172,170 shares of the stock were exchanged. The company has a 50-day moving average of $33.26 and a 200 day moving average of $33.93. The firm has a market cap of $6.92 billion, a P/E ratio of 14.68 and a beta of 0.99. PLDT has a 12 month low of $25.50 and a 12 month high of $38.54.
The company also recently declared a semiannual dividend, which was paid on Monday, September 18th. Investors of record on Thursday, August 24th were paid a dividend of $0.9411 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This is a boost from PLDT’s previous semiannual dividend of $0.56. This represents a dividend yield of 5.57%. PLDT’s payout ratio is currently 54.19%.
Several large investors have recently made changes to their positions in the business. Citigroup Inc. grew its stake in shares of PLDT by 14.5% during the second quarter. Citigroup Inc. now owns 3,654 shares of the technology company’s stock valued at $129,000 after buying an additional 462 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of PLDT during the 2nd quarter worth approximately $145,000. Fisher Asset Management LLC bought a new stake in shares of PLDT during the 2nd quarter worth approximately $201,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of PLDT during the 2nd quarter worth approximately $218,000. Finally, Stevens Capital Management LP bought a new stake in shares of PLDT during the 1st quarter worth approximately $260,000. Institutional investors and hedge funds own 9.46% of the company’s stock.
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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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