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Philippine Long Distance Telephone (NYSE:PHI) shares hit a new 52-week high during trading on Thursday , Stock Ratings Network reports. The company traded as high as $73.99 and last traded at $73.73, with a volume of 90,839 shares trading hands. The stock had previously closed at $70.20.

Separately, analysts at Credit Suisse downgraded shares of Philippine Long Distance Telephone from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th.

The stock has a 50-day moving average of $69.15 and a 200-day moving average of $64.37. The company has a market cap of $16.087 billion and a price-to-earnings ratio of 18.72.

Philippine Long Distance Telephone Company (NYSE:PHI) is a telecommunications service provider in the Philippines.

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