PLDT (NYSE:PHI - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Thursday.
PLDT Stock Performance
Shares of PLDT stock traded up $0.24 on Thursday, reaching $24.66. 43,780 shares of the company were exchanged, compared to its average volume of 99,037. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.36 and a current ratio of 0.37. The company's 50-day moving average is $23.40 and its two-hundred day moving average is $22.58. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.77 and a beta of 0.59. PLDT has a 1-year low of $19.02 and a 1-year high of $30.39.
Hedge Funds Weigh In On PLDT
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHI. Blue Trust Inc. grew its holdings in PLDT by 291.5% in the 4th quarter. Blue Trust Inc. now owns 1,711 shares of the technology company's stock worth $40,000 after buying an additional 1,274 shares in the last quarter. Wells Fargo & Company MN boosted its stake in PLDT by 79.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,790 shares of the technology company's stock valued at $42,000 after purchasing an additional 790 shares in the last quarter. CWM LLC boosted its stake in PLDT by 47.1% during the 4th quarter. CWM LLC now owns 2,632 shares of the technology company's stock valued at $62,000 after purchasing an additional 843 shares in the last quarter. Citigroup Inc. boosted its stake in PLDT by 1,869.6% during the 1st quarter. Citigroup Inc. now owns 2,265 shares of the technology company's stock valued at $80,000 after purchasing an additional 2,150 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new position in PLDT during the 4th quarter valued at $117,000. 2.26% of the stock is owned by institutional investors.
About PLDT
(
Get Free Report)
PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It 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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