PLDT (NYSE:PHI) Rating Increased to Hold at Zacks Research

Key Points

• PLDT has been upgraded by Zacks Research from a "strong sell" rating to a "hold" rating, reflecting a shift in investor sentiment.
• Institutional investors have shown increased interest in PLDT, with several firms, including PNC Financial Services and GAMMA Investing, increasing their positions in the stock during the first quarter.
• The stock currently has a consensus rating of "Hold" from multiple analysts, with PLDT's market capitalization standing at approximately $4.11 billion.

PLDT (NYSE:PHI - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

PHI has been the topic of several other research reports. UBS Group downgraded PLDT from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 27th. Weiss Ratings reissued a "hold (c-)" rating on shares of PLDT in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

PLDT Price Performance

NYSE:PHI opened at $19.03 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 2.16. The stock's 50 day moving average price is $20.43 and its two-hundred day moving average price is $21.79. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 1.68 and a beta of 0.62. PLDT has a 12-month low of $18.61 and a 12-month high of $26.38.

Institutional Investors Weigh In On PLDT

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in shares of PLDT by 3.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company's stock valued at $290,000 after buying an additional 437 shares during the last quarter. Signaturefd LLC lifted its stake in shares of PLDT by 3.0% in the 1st quarter. Signaturefd LLC now owns 15,674 shares of the technology company's stock valued at $343,000 after purchasing an additional 455 shares during the period. GAMMA Investing LLC lifted its stake in shares of PLDT by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 2,201 shares of the technology company's stock valued at $48,000 after purchasing an additional 750 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of PLDT by 9.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company's stock valued at $279,000 after purchasing an additional 1,108 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of PLDT by 17.3% in the 1st quarter. Blue Trust Inc. now owns 10,270 shares of the technology company's stock valued at $225,000 after purchasing an additional 1,515 shares during the period. 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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