PLDT Inc. (NYSE:PHI) Given Average Rating of “Hold” by Brokerages
PLDT Inc. (NYSE:PHI) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company.
Several equities analysts have issued reports on the stock. Macquarie upgraded shares of PLDT from a “neutral” rating to an “outperform” rating in a research note on Friday, May 26th. BidaskClub cut shares of PLDT from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. CLSA upgraded shares of PLDT from a “sell” rating to a “buy” rating in a research note on Wednesday, May 24th. Zacks Investment Research upgraded shares of PLDT from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Deutsche Bank AG cut shares of PLDT from a “buy” rating to a “hold” rating in a research note on Monday, July 17th.
A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in PLDT during the second quarter valued at about $145,000. Fisher Asset Management LLC bought a new position in PLDT during the second quarter valued at about $201,000. Stevens Capital Management LP bought a new position in PLDT during the first quarter valued at about $260,000. Bank of New York Mellon Corp boosted its position in PLDT by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 8,272 shares of the technology company’s stock valued at $265,000 after buying an additional 568 shares in the last quarter. Finally, Wetherby Asset Management Inc. bought a new position in PLDT during the first quarter valued at about $288,000. Institutional investors and hedge funds own 10.19% of the company’s stock.
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Shares of PLDT (PHI) traded up 0.15% on Tuesday, hitting $32.97. 44,464 shares of the stock were exchanged. The company has a 50-day moving average price of $34.56 and a 200 day moving average price of $32.97. PLDT has a 12 month low of $25.50 and a 12 month high of $41.61. The company has a market cap of $7.12 billion, a PE ratio of 19.31 and a beta of 1.01.
PLDT 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.
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