PLDT (NYSE:PHI) Sets New 12-Month Low – What’s Next?

PLDT Inc. (NYSE:PHI) reached a new 52-week low on Tuesday . The company traded as low as $21.45 and last traded at $21.67, with a volume of 183107 shares. The stock had previously closed at $22.09.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

PLDT Stock Down 1.9 %

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 50 day moving average price of $23.76 and a two-hundred day moving average price of $25.27. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of 1.14 and a beta of 0.66.

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

Hedge Funds Weigh In On PLDT

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in PLDT during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC lifted its stake in PLDT by 48.3% during the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after purchasing an additional 390 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in PLDT in the third quarter worth $79,000. Blue Trust Inc. increased its stake in PLDT by 392.6% during the second quarter. Blue Trust Inc. now owns 4,709 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,753 shares during the last quarter. Finally, Ascent Group LLC acquired a new stake in shares of PLDT during the third quarter worth $218,000. Institutional investors own 2.26% of the company’s stock.

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.