PLDT (NYSE:PHI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of PLDT Inc. (NYSE:PHI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.17 and traded as high as $24.08. PLDT shares last traded at $23.9050, with a volume of 44,490 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on PHI shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PLDT in a report on Monday, December 29th. Zacks Research upgraded PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

PLDT Stock Down 0.3%

The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 2.32. The company has a 50 day moving average of $22.17 and a two-hundred day moving average of $21.17.

PLDT (NYSE:PHI) last issued its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). The business had revenue of $922.04 million for the quarter, compared to analysts’ expectations of $953.29 million. PLDT had a return on equity of 28.27% and a net margin of 13.40%. Analysts forecast that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLDT

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in PLDT by 272.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock worth $28,000 after acquiring an additional 955 shares in the last quarter. CWM LLC grew its position in shares of PLDT by 22.1% in the fourth quarter. CWM LLC now owns 2,590 shares of the technology company’s stock valued at $56,000 after purchasing an additional 469 shares during the period. MAI Capital Management acquired a new stake in shares of PLDT in the second quarter valued at about $65,000. EverSource Wealth Advisors LLC increased its stake in shares of PLDT by 155.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,866 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of PLDT by 759.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,774 shares of the technology company’s stock worth $82,000 after purchasing an additional 3,335 shares during the last quarter. Institutional investors and hedge funds own 2.26% of the company’s stock.

PLDT Company Profile

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.