PLDT (NYSE:PHI - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Thursday.
PLDT Stock Down 1.0 %
PLDT stock traded down $0.25 during midday trading on Thursday, reaching $23.97. The company's stock had a trading volume of 28,857 shares, compared to its average volume of 90,498. PLDT has a fifty-two week low of $19.02 and a fifty-two week high of $30.39. The company has a quick ratio of 0.34, a current ratio of 0.36 and a debt-to-equity ratio of 2.21. The company has a market cap of $5.18 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.30 and a beta of 0.60. The business has a 50-day simple moving average of $23.72 and a 200-day simple moving average of $22.88.
Institutional Trading of PLDT
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ballentine Partners LLC increased its position in shares of PLDT by 23.3% during the first quarter. Ballentine Partners LLC now owns 14,582 shares of the technology company's stock worth $360,000 after purchasing an additional 2,753 shares in the last quarter. PNC Financial Services Group Inc. increased its position in PLDT by 3.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,836 shares of the technology company's stock valued at $324,000 after acquiring an additional 433 shares during the period. Vident Advisory LLC acquired a new position in PLDT in the 4th quarter valued at about $329,000. Creative Planning increased its position in PLDT by 185.7% in the 4th quarter. Creative Planning now owns 33,973 shares of the technology company's stock valued at $796,000 after acquiring an additional 22,080 shares during the period. Finally, Barometer Capital Management Inc. acquired a new position in PLDT in the 4th quarter valued at about $117,000. Institutional investors and hedge funds own 2.26% of the company's stock.
PLDT Company Profile
(
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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