PLDT (NYSE:PHI) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of PLDT (NYSE:PHI) from a buy rating to a strong-buy rating in a report published on Thursday morning.

PLDT Price Performance

PHI traded up $0.52 on Thursday, reaching $22.08. The company had a trading volume of 77,339 shares, compared to its average volume of 52,023. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The company has a fifty day moving average of $25.67 and a 200-day moving average of $25.56. PLDT has a one year low of $21.52 and a one year high of $30.39.

PLDT (NYSE:PHI) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.68 EPS for the quarter. The business had revenue of $933.44 million for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. As a group, research analysts expect that PLDT will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of PLDT in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC increased its holdings in shares of PLDT by 48.3% in the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock valued at $32,000 after buying an additional 390 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PLDT by 141.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock valued at $33,000 after acquiring an additional 819 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of PLDT during the 1st quarter worth $62,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of PLDT in the 3rd quarter worth $79,000. 2.26% of the stock is owned by institutional investors and hedge funds.

PLDT Company Profile

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.