Philippine Long Distance Telephone Upgraded to “Buy” at Citigroup Inc. (PHI)
Philippine Long Distance Telephone (NYSE:PHI) was upgraded by stock analysts at Citigroup Inc. from a “sell” rating to a “buy” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of Philippine Long Distance Telephone (NYSE:PHI) traded up 1.98% during mid-day trading on Wednesday, hitting $59.21. 118,939 shares of the company’s stock traded hands. Philippine Long Distance Telephone has a 52 week low of $58.03 and a 52 week high of $78.63. The stock has a 50-day moving average of $60.3 and a 200-day moving average of $65.38. The company has a market cap of $12.793 billion and a price-to-earnings ratio of 14.46.
Philippine Long Distance Telephone Company (NYSE:PHI) is a telecommunications service provider in the Philippines.
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