Philippine Long Distance Telephone Co. (NYSE:PHI) saw strong trading volume on Wednesday . 116,040 shares traded hands during trading, an increase of 42% from the previous session’s volume of 81,729 shares.The stock last traded at $36.53 and had previously closed at $36.30.

Several analysts have recently commented on the company. Credit Suisse Group AG upgraded Philippine Long Distance Telephone from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Citigroup Inc. lowered Philippine Long Distance Telephone from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded Philippine Long Distance Telephone from a “strong sell” rating to a “hold” rating in a report on Saturday, August 20th.

The stock has a market capitalization of $8.01 billion, a P/E ratio of 24.24 and a beta of 1.34. The stock has a 50-day moving average price of $38.84 and a 200 day moving average price of $40.34.

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A number of hedge funds have recently bought and sold shares of PHI. Mitsubishi UFJ Trust & Banking Corp increased its stake in Philippine Long Distance Telephone by 3.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,324 shares of the company’s stock valued at $594,000 after buying an additional 464 shares during the period. State Street Corp increased its stake in Philippine Long Distance Telephone by 0.8% in the first quarter. State Street Corp now owns 126,250 shares of the company’s stock valued at $5,467,000 after buying an additional 961 shares during the period. World Asset Management Inc increased its stake in Philippine Long Distance Telephone by 8.3% in the second quarter. World Asset Management Inc now owns 13,370 shares of the company’s stock valued at $596,000 after buying an additional 1,027 shares during the period. Parametric Portfolio Associates LLC increased its stake in Philippine Long Distance Telephone by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 42,828 shares of the company’s stock valued at $1,909,000 after buying an additional 1,811 shares during the period. Finally, AMP Capital Investors Ltd increased its stake in Philippine Long Distance Telephone by 16.1% in the first quarter. AMP Capital Investors Ltd now owns 13,700 shares of the company’s stock valued at $582,000 after buying an additional 1,900 shares during the period. Hedge funds and other institutional investors own 9.80% of the company’s stock.

Philippine Long Distance Telephone Company Profile

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

5 Day Chart for NYSE:PHI

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