PLDT (NYSE:PHI) Downgraded by Wall Street Zen to "Hold"

PLDT (NYSE:PHI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

PLDT Stock Performance

Shares of PHI traded up $0.01 during mid-day trading on Friday, hitting $22.86. The stock had a trading volume of 43,350 shares, compared to its average volume of 54,295. The company has a market cap of $4.94 billion, a PE ratio of 9.04, a PEG ratio of 1.14 and a beta of 0.74. The company's fifty day simple moving average is $22.80 and its two-hundred day simple moving average is $22.80. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. PLDT has a fifty-two week low of $20.29 and a fifty-two week high of $29.05.

PLDT (NYSE:PHI - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.02). The company had revenue of $991.52 million during the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. On average, equities analysts expect that PLDT will post 2.76 earnings per share for the current year.

Institutional Trading of PLDT

Several hedge funds have recently added to or reduced their stakes in PHI. GAMMA Investing LLC raised its stake in PLDT by 51.7% during the 1st quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company's stock valued at $48,000 after acquiring an additional 750 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in PLDT during the 4th quarter valued at $49,000. BNP Paribas Financial Markets raised its stake in PLDT by 49.4% during the 4th quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock valued at $97,000 after acquiring an additional 1,453 shares in the last quarter. Blue Trust Inc. raised its stake in PLDT by 17.3% during the 1st quarter. Blue Trust Inc. now owns 10,270 shares of the technology company's stock valued at $225,000 after acquiring an additional 1,515 shares in the last quarter. Finally, Natixis Advisors LLC bought a new stake in PLDT during the 1st quarter valued at $235,000. Institutional investors own 2.26% of the company's stock.

About PLDT

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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