PLDT's (PHI) Hold (C-) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed PLDT's stock rating at "hold (C-)," amid varying opinions from other analysts who have rated it from "buy" to "strong sell."
• PLDT's share price opened at $18.97, reflecting a market cap of $4.10 billion and a P/E ratio of 7.32 in a volatile trading environment.
• Recent institutional activity showed substantial interest, with hedge funds like PNC Financial Services and GAMMA Investing increasing their stakes in the company during the first quarter.

PLDT (NYSE:PHI - Get Free Report)'s stock had its "hold (c-)" rating reiterated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also issued reports about the stock. UBS Group cut PLDT from a "buy" rating to a "neutral" rating in a report on Wednesday, August 27th. Zacks Research raised PLDT to a "strong sell" rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce".

PLDT Stock Down 0.3%

Shares of PHI opened at $18.97 on Wednesday. The firm has a market cap of $4.10 billion, a P/E ratio of 7.32, a price-to-earnings-growth 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 $27.38. The company's 50-day moving average price is $20.76 and its 200 day moving average price is $21.88. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.16.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in PLDT by 3.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company's stock worth $290,000 after buying an additional 437 shares during the last quarter. Signaturefd LLC grew its stake in PLDT by 3.0% during the 1st quarter. Signaturefd LLC now owns 15,674 shares of the technology company's stock worth $343,000 after buying an additional 455 shares during the last quarter. GAMMA Investing LLC grew 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 worth $48,000 after buying an additional 750 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in PLDT by 9.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the technology company's stock worth $279,000 after buying an additional 1,108 shares during the last quarter. Finally, Blue Trust Inc. grew 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 last quarter. Hedge funds and other 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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