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

PLDT (NYSE:PHI) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

PLDT Stock Up 0.4 %

Shares of PHI traded up $0.10 during mid-day trading on Friday, reaching $24.12. The company’s stock had a trading volume of 21,464 shares, compared to its average volume of 50,435. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.33 and a quick ratio of 0.32. PLDT has a 12-month low of $21.94 and a 12-month high of $30.39. The stock has a market cap of $5.33 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. The company’s 50 day moving average is $26.38 and its 200 day moving average is $25.57.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its stake in 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 buying an additional 9,206 shares during the period. Creative Planning increased 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 buying an additional 11,847 shares in the last quarter. Oldfield Partners LLP raised its stake in shares of PLDT by 0.9% during the 3rd quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock worth $1,220,000 after buying an additional 400 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of PLDT by 337.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after purchasing an additional 29,225 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of 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 last quarter. 2.26% of the stock is currently owned by hedge funds and other institutional investors.

About PLDT

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.