According to Zacks, “PLDT Inc. offers telecommunications services. Its operating segment consists of Wireless, Fixed Line and Others. Wireless segment provides cellular, wireless broadband and other services, and digital platforms and mobile financial services. Fixed Line segment provides local exchange, international long distance, national long distance, data and other network and miscellaneous services. It offers postpaid and prepaid fixed line services. PLDT, Inc., formerly known as Philippine Long Distance Telephone Company, is based in Makati City, the Philippines. “
Separately, StockNews.com started coverage on PLDT in a research note on Thursday, March 31st. They set a “buy” rating on the stock.
PLDT (NYSE:PHI – Get Rating) last issued its earnings results on Thursday, March 3rd. The technology company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $1 billion for the quarter. PLDT had a return on equity of 25.12% and a net margin of 13.65%. Equities research analysts predict that PLDT will post 2.7 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Balentine LLC bought a new stake in PLDT in the 1st quarter worth approximately $223,000. JJJ Advisors Inc. increased its position in shares of PLDT by 35.3% during the 1st quarter. JJJ Advisors Inc. now owns 2,069 shares of the technology company’s stock valued at $72,000 after purchasing an additional 540 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of PLDT by 26.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 28,503 shares of the technology company’s stock valued at $1,002,000 after purchasing an additional 5,979 shares during the last quarter. Signaturefd LLC increased its position in shares of PLDT by 7.2% during the 1st quarter. Signaturefd LLC now owns 7,271 shares of the technology company’s stock valued at $256,000 after purchasing an additional 491 shares during the last quarter. Finally, JustInvest LLC bought a new position in shares of PLDT during the 4th quarter valued at approximately $259,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.
About PLDT (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.
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