PLDT Inc. (NYSE:PHI – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at $28.04, but opened at $28.72. PLDT shares last traded at $28.75, with a volume of 118 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Bank of America upgraded shares of PLDT from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 21st.
PLDT Price Performance
The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.42 and a current ratio of 0.44. The company’s fifty day simple moving average is $29.89 and its two-hundred day simple moving average is $33.20. The stock has a market capitalization of $6.26 billion, a PE ratio of 10.58, a P/E/G ratio of 1.34 and a beta of 0.32.
PLDT Increases Dividend
Institutional Investors Weigh In On PLDT
Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of PLDT by 75.8% during the second quarter. Goldman Sachs Group Inc. now owns 27,592 shares of the technology company’s stock worth $839,000 after purchasing an additional 11,899 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of PLDT during the second quarter worth $789,000. Cubist Systematic Strategies LLC acquired a new position in shares of PLDT during the second quarter worth $248,000. Citadel Advisors LLC lifted its position in shares of PLDT by 157.5% during the second quarter. Citadel Advisors LLC now owns 26,307 shares of the technology company’s stock worth $800,000 after purchasing an additional 16,089 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of PLDT by 24.2% during the second quarter. Millennium Management LLC now owns 30,138 shares of the technology company’s stock worth $917,000 after purchasing an additional 5,878 shares in the last quarter. 3.06% of the stock is currently owned by hedge funds and other institutional investors.
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.
- Get a free copy of the StockNews.com research report on PLDT (PHI)
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