PLDT (NYSE:PHI - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Thursday.
PLDT Price Performance
Shares of PHI stock traded up $0.16 during mid-day trading on Thursday, hitting $22.96. 38,340 shares of the stock were exchanged, compared to its average volume of 55,508. The company has a market cap of $4.96 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.66. PLDT has a 52-week low of $21.00 and a 52-week high of $30.39. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24. The firm has a fifty day moving average of $22.77 and a 200 day moving average of $24.24.
Hedge Funds Weigh In On PLDT
Several hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of PLDT in the 3rd quarter worth $28,000. BNP Paribas Financial Markets purchased a new stake in PLDT during the 3rd quarter worth approximately $79,000. Robeco Institutional Asset Management B.V. raised its stake in shares of PLDT by 655.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company's stock valued at $2,334,000 after acquiring an additional 91,418 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in PLDT by 15.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 10,570 shares of the technology company's stock valued at $284,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in PLDT by 37.2% in the third quarter. Quantinno Capital Management LP now owns 13,495 shares of the technology company's stock valued at $363,000 after acquiring an additional 3,659 shares in the last quarter. 2.26% of the stock is owned by hedge funds and other institutional investors.
About PLDT
(
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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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