PLDT (NYSE:PHI) Rating Lowered to Buy at StockNews.com

PLDT (NYSE:PHI) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.

PLDT Stock Performance

PLDT stock opened at $27.32 on Monday. PLDT has a fifty-two week low of $20.27 and a fifty-two week high of $30.39. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.32 and a current ratio of 0.33. The stock has a market cap of $5.90 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 1.41 and a beta of 0.67. The firm’s fifty day moving average price is $26.98 and its 200-day moving average price is $25.31.

PLDT (NYSE:PHI) last released its earnings results on Tuesday, August 13th. The technology company reported $0.67 earnings per share for the quarter. The company had revenue of $923.00 million during the quarter. PLDT had a return on equity of 21.49% and a net margin of 12.33%. On average, equities research analysts expect that PLDT will post 2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLDT

Institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its stake in shares of PLDT by 337.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after acquiring an additional 29,225 shares during the last quarter. SageView Advisory Group LLC bought a new position in PLDT during the 1st quarter valued at approximately $62,000. Sequoia Financial Advisors LLC lifted its holdings in PLDT by 19.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock worth $256,000 after buying an additional 1,719 shares during the period. PNC Financial Services Group Inc. grew its position in shares of PLDT by 3.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,836 shares of the technology company’s stock worth $324,000 after buying an additional 433 shares during the last quarter. Finally, Kathmere Capital Management LLC purchased a new position in shares of PLDT during the first quarter valued at approximately $258,000. 2.26% of the stock is currently owned by hedge funds and other institutional investors.

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.