PLDT (NYSE:PHI) Upgraded at StockNews.com

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

PLDT Price Performance

NYSE:PHI opened at $22.30 on Thursday. The business’s 50-day moving average price is $25.59 and its 200 day moving average price is $25.56. PLDT has a 52-week low of $21.52 and a 52-week high of $30.39. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24.

PLDT (NYSE:PHI) last announced its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.68 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. As a group, sell-side analysts predict that PLDT will post 2.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in PLDT in the third quarter worth $28,000. GAMMA Investing LLC boosted its position in PLDT by 48.3% during the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock valued at $32,000 after purchasing an additional 390 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PLDT by 141.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock valued at $33,000 after buying an additional 819 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of PLDT during the first quarter worth approximately $62,000. Finally, BNP Paribas Financial Markets bought a new position in PLDT during the 3rd quarter worth $79,000. 2.26% of the stock is owned by 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.