PLDT (NYSE:PHI) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of PLDT (NYSE:PHI) from a buy rating to a strong-buy rating in a report released on Thursday morning.

PLDT Trading Up 2.4 %

Shares of PHI traded up $0.52 during mid-day trading on Thursday, reaching $22.08. The company’s stock had a trading volume of 77,339 shares, compared to its average volume of 52,023. The business has a fifty day moving average of $25.67 and a 200 day moving average of $25.56. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32. PLDT has a 1 year low of $21.52 and a 1 year high of $30.39.

PLDT (NYSE:PHI) last announced its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.68 earnings per share (EPS) for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The firm had revenue of $933.44 million during the quarter. Sell-side analysts predict that PLDT will post 2.76 EPS for the current fiscal year.

Institutional Investors Weigh In On PLDT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHI. O Shaughnessy Asset Management LLC increased its stake 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 worth $934,000 after acquiring an additional 29,225 shares during the last quarter. Creative Planning increased its position in PLDT by 21.1% in the 3rd quarter. Creative Planning now owns 67,897 shares of the technology company’s stock worth $1,825,000 after purchasing an additional 11,847 shares during the last quarter. American Century Companies Inc. raised its stake in shares of PLDT by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 93,479 shares of the technology company’s stock worth $2,296,000 after purchasing an additional 9,206 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of PLDT by 194.8% during the 3rd quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock valued at $341,000 after buying an additional 9,174 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its stake in shares of PLDT by 80.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company’s stock valued at $464,000 after buying an additional 8,408 shares in the last quarter. Hedge funds and other institutional investors own 2.26% of the company’s stock.

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.