PLDT Inc. (NYSE:PHI – Get Rating)’s share price gapped up prior to trading on Friday . The stock had previously closed at $23.10, but opened at $23.68. PLDT shares last traded at $23.27, with a volume of 3,026 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on PLDT in a research note on Thursday. They issued a “buy” rating on the stock.
PLDT Price Performance
The company has a debt-to-equity ratio of 1.86, a current ratio of 0.30 and a quick ratio of 0.28. The stock has a 50 day moving average price of $24.95 and a 200-day moving average price of $26.07. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 0.96 and a beta of 0.56.
Institutional Trading of PLDT
PLDT, Inc engages in the provision of telecommunication services. It operates through the following segments: Wireless, Fixed Line, and Others. The Wireless segment focuses on driving data services while managing business of voice and SMS. The Fixed Line segment offers fixed line telecommunications services throughout the Philippines, servicing retail, corporate, and SME clients.
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