PLDT Inc. (NYSE:PHI) has earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company.

Several analysts have weighed in on PHI shares. Zacks Investment Research raised shares of PLDT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank AG cut shares of PLDT from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub cut shares of PLDT from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.

A number of institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new stake in PLDT during the second quarter worth about $218,000. Susquehanna International Group LLP grew its stake in PLDT by 37.0% during the second quarter. Susquehanna International Group LLP now owns 36,392 shares of the technology company’s stock worth $1,285,000 after buying an additional 9,832 shares during the last quarter. M&T Bank Corp bought a new stake in PLDT during the second quarter worth about $368,000. Northern Trust Corp grew its stake in PLDT by 15.5% during the second quarter. Northern Trust Corp now owns 152,290 shares of the technology company’s stock worth $5,378,000 after buying an additional 20,426 shares during the last quarter. Finally, Citigroup Inc. grew its stake in PLDT by 14.5% during the second quarter. Citigroup Inc. now owns 3,654 shares of the technology company’s stock worth $129,000 after buying an additional 462 shares during the last quarter. 9.46% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of PLDT (NYSE PHI) traded down 2.09% during trading on Friday, hitting $32.80. The stock had a trading volume of 114,782 shares. The stock’s 50-day moving average price is $32.56 and its 200 day moving average price is $34.13. PLDT has a one year low of $25.50 and a one year high of $38.54. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 15.04 and a beta of 0.99.

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.

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