PLDT (NYSE:PHI) Upgraded 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 issued on Tuesday.

PLDT Price Performance

NYSE PHI opened at $25.17 on Tuesday. The company has a 50 day moving average price of $26.87 and a two-hundred day moving average price of $25.56. PLDT has a 12-month low of $21.39 and a 12-month high of $30.39. The stock has a market capitalization of $5.58 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.34 and a beta of 0.67. The company has a quick ratio of 0.32, a current ratio of 0.33 and a debt-to-equity ratio of 2.21.

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

PLDT Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, August 26th were paid a $0.634 dividend. This represents a dividend yield of 4.4%. This is an increase from PLDT’s previous Semi-Annual dividend of $0.60. The ex-dividend date was Monday, August 26th.

Institutional Investors Weigh In On PLDT

A number of large investors have recently added to or reduced their stakes in PHI. Allspring Global Investments Holdings LLC acquired a new stake in shares of PLDT in the third quarter worth $28,000. GAMMA Investing LLC grew its position in shares of PLDT by 48.3% in 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 grew 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 purchasing an additional 819 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of PLDT in the first quarter worth about $62,000. Finally, Blue Trust Inc. lifted its position in shares of PLDT by 392.6% during the 2nd quarter. Blue Trust Inc. now owns 4,709 shares of the technology company’s stock worth $116,000 after purchasing an additional 3,753 shares during the last quarter. 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.