PLDT (NYSE:PHI) Upgraded to “Buy” by Bank of America

Bank of America upgraded shares of PLDT (NYSE:PHIGet Rating) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, The Fly reports.

Separately, StockNews.com began coverage on shares of PLDT in a research report on Thursday, March 31st. They issued a buy rating on the stock.

Shares of PHI opened at $30.85 on Tuesday. The firm’s 50-day moving average is $36.00 and its two-hundred day moving average is $35.73. The firm has a market capitalization of $6.67 billion, a P/E ratio of 11.22, a PEG ratio of 1.49 and a beta of 0.21. PLDT has a twelve month low of $23.71 and a twelve month high of $39.00. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 1.92.

PLDT (NYSE:PHIGet Rating) last released its quarterly earnings results on Thursday, May 5th. The technology company reported $0.68 EPS for the quarter. The business had revenue of $972.87 million for the quarter. PLDT had a net margin of 15.14% and a return on equity of 24.66%. Analysts predict that PLDT will post 2.53 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in PLDT by 8.8% during the fourth quarter. Signaturefd LLC now owns 6,780 shares of the technology company’s stock worth $242,000 after acquiring an additional 546 shares during the last quarter. West Family Investments Inc. boosted its position in PLDT by 8.0% during the fourth quarter. West Family Investments Inc. now owns 12,258 shares of the technology company’s stock worth $438,000 after acquiring an additional 913 shares during the last quarter. JJJ Advisors Inc. boosted its position in PLDT by 49.2% during the fourth quarter. JJJ Advisors Inc. now owns 1,529 shares of the technology company’s stock worth $55,000 after acquiring an additional 504 shares during the last quarter. Guggenheim Capital LLC boosted its position in PLDT by 13.5% during the fourth quarter. Guggenheim Capital LLC now owns 107,523 shares of the technology company’s stock worth $3,841,000 after acquiring an additional 12,790 shares during the last quarter. Finally, Northern Trust Corp boosted its position in PLDT by 4.5% during the fourth quarter. Northern Trust Corp now owns 13,082 shares of the technology company’s stock worth $467,000 after acquiring an additional 569 shares during the last quarter. Institutional investors and hedge funds own 2.76% of the company’s stock.

PLDT Company Profile (Get Rating)

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

See Also

The Fly logo

Receive News & Ratings for PLDT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PLDT and related companies with MarketBeat.com's FREE daily email newsletter.