PLDT (NYSE:PHI) Reaches New 1-Year Low - Time to Sell?

PLDT Inc. (NYSE:PHI - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $21.45 and last traded at $21.67, with a volume of 183107 shares traded. The stock had previously closed at $22.09.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of PLDT from a "buy" rating to a "strong-buy" rating in a report on Thursday, November 14th.

PLDT Price Performance

The company's 50 day simple moving average is $23.76 and its 200 day simple moving average is $25.27. The company has a current ratio of 0.34, a quick ratio of 0.32 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $4.68 billion, a PE ratio of 8.32, a PEG ratio of 1.14 and a beta of 0.66.

PLDT (NYSE:PHI - Get Free Report) last released its earnings results on Tuesday, November 12th. The technology company reported $0.68 earnings per share for the quarter. The firm had revenue of $933.44 million for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. On average, equities analysts anticipate that PLDT Inc. will post 2.76 earnings per share for the current year.

Institutional Investors Weigh In On PLDT

Several hedge funds have recently modified their holdings of PHI. American Century Companies Inc. boosted its holdings in shares of PLDT by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 93,479 shares of the technology company's stock valued at $2,296,000 after purchasing an additional 9,206 shares during the last quarter. Creative Planning boosted its holdings in PLDT by 21.1% in the third quarter. Creative Planning now owns 67,897 shares of the technology company's stock valued at $1,825,000 after acquiring an additional 11,847 shares during the last quarter. Oldfield Partners LLP grew its position in PLDT by 0.9% during the third quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company's stock valued at $1,220,000 after acquiring an additional 400 shares during the period. Kathmere Capital Management LLC grew its position in PLDT by 80.2% during the second quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company's stock valued at $464,000 after acquiring an additional 8,408 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in PLDT by 21.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,341 shares of the technology company's stock worth $396,000 after acquiring an additional 2,903 shares during the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.

PLDT Company Profile

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.

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