PLDT (NYSE:PHI - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Friday.
PLDT Trading Up 0.4 %
Shares of NYSE:PHI traded up $0.10 during mid-day trading on Friday, reaching $24.71. 90,863 shares of the company's stock were exchanged, compared to its average volume of 57,779. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 1.14 and a beta of 0.68. The business's fifty day moving average price is $22.99 and its 200-day moving average price is $24.09. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. PLDT has a twelve month low of $21.00 and a twelve month high of $30.39.
Hedge Funds Weigh In On PLDT
A number of hedge funds have recently bought and sold shares of the company. Vident Advisory LLC raised its stake in PLDT by 2.0% during the fourth quarter. Vident Advisory LLC now owns 42,876 shares of the technology company's stock worth $950,000 after buying an additional 854 shares during the last quarter. Quantinno Capital Management LP raised its stake in PLDT by 23.3% during the fourth quarter. Quantinno Capital Management LP now owns 16,640 shares of the technology company's stock worth $369,000 after buying an additional 3,145 shares during the last quarter. Bank of America Corp DE raised its stake in PLDT by 12.5% during the fourth quarter. Bank of America Corp DE now owns 27,170 shares of the technology company's stock worth $602,000 after buying an additional 3,023 shares during the last quarter. BNP Paribas Financial Markets raised its stake in PLDT by 49.4% during the fourth quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock worth $97,000 after buying an additional 1,453 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in PLDT by 199.9% during the fourth quarter. Jane Street Group LLC now owns 23,632 shares of the technology company's stock worth $523,000 after buying an additional 15,752 shares during the last quarter. Institutional investors own 2.26% of the company's stock.
PLDT Company Profile
(
Get Free Report)
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.
Further Reading
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