PLDT (NYSE:PHI) was upgraded by equities research analysts at Citigroup from a “sell” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.

Separately, Zacks Investment Research lowered PLDT from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold”.

Shares of PLDT (PHI) traded up $0.57 on Wednesday, hitting $28.90. The company’s stock had a trading volume of 86,900 shares, compared to its average volume of 94,575. PLDT has a one year low of $25.50 and a one year high of $38.54. The firm has a market cap of $6,120.87, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.53 and a current ratio of 0.55.

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of PLDT during the 3rd quarter valued at approximately $1,457,000. Allianz Asset Management GmbH raised its position in shares of PLDT by 51.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 8,885 shares of the technology company’s stock valued at $284,000 after acquiring an additional 3,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of PLDT by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 356,592 shares of the technology company’s stock valued at $11,356,000 after acquiring an additional 7,015 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of PLDT by 7.1% during the 3rd quarter. Wells Fargo & Company MN now owns 74,332 shares of the technology company’s stock valued at $2,373,000 after acquiring an additional 4,923 shares in the last quarter. Finally, Aperio Group LLC grew its stake in PLDT by 6.3% during the 3rd quarter. Aperio Group LLC now owns 125,034 shares of the technology company’s stock worth $3,991,000 after buying an additional 7,415 shares during the last quarter. 9.03% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for PLDT (NYSE:PHI)

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