PLDT Inc (PHI) Receives Average Rating of “Hold” from Analysts
Shares of PLDT Inc (NYSE:PHI) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of PLDT from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Morgan Stanley cut shares of PLDT from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 9th. UBS Group cut shares of PLDT from a “buy” rating to a “sell” rating in a research note on Monday, January 7th. Finally, Credit Suisse Group upgraded shares of PLDT from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 7th.
Shares of NYSE:PHI traded up $0.15 during trading on Thursday, reaching $23.68. The stock had a trading volume of 82,052 shares, compared to its average volume of 149,544. PLDT has a 52 week low of $19.36 and a 52 week high of $27.86. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $5.14 billion, a P/E ratio of 10.43 and a beta of 0.68.
Several institutional investors have recently modified their holdings of PHI. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new stake in shares of PLDT in the fourth quarter valued at approximately $1,159,000. Dimensional Fund Advisors LP increased its holdings in shares of PLDT by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 449,690 shares of the technology company’s stock valued at $11,533,000 after purchasing an additional 27,446 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of PLDT in the fourth quarter valued at approximately $586,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of PLDT in the fourth quarter valued at approximately $521,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of PLDT in the fourth quarter valued at approximately $470,000. 6.40% of the stock is owned by institutional investors and hedge funds.
PLDT Company Profile
PLDT Inc operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.
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