PLDT (NYSE:PHI) Stock Passes Above 200 Day Moving Average of $22.07

PLDT Inc. (NYSE:PHI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.07 and traded as high as $22.32. PLDT shares last traded at $22.24, with a volume of 33,914 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded PLDT from a “buy” rating to a “strong-buy” rating in a report on Friday, November 10th.

PLDT Price Performance

The stock’s 50 day simple moving average is $21.28 and its 200-day simple moving average is $22.07. The company has a market capitalization of $4.81 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.37 and a quick ratio of 0.36.

Institutional Investors Weigh In On PLDT

A number of hedge funds have recently bought and sold shares of PHI. Wetherby Asset Management Inc. boosted its holdings in PLDT by 3.6% in the first quarter. Wetherby Asset Management Inc. now owns 16,686 shares of the technology company’s stock valued at $586,000 after purchasing an additional 581 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in PLDT by 5.5% in the third quarter. PNC Financial Services Group Inc. now owns 13,403 shares of the technology company’s stock valued at $277,000 after purchasing an additional 698 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in PLDT by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 222,509 shares of the technology company’s stock valued at $5,614,000 after purchasing an additional 771 shares during the last quarter. Wells Fargo & Company MN increased its stake in PLDT by 79.0% in the second quarter. Wells Fargo & Company MN now owns 1,790 shares of the technology company’s stock valued at $42,000 after purchasing an additional 790 shares during the last quarter. Finally, Northern Trust Corp increased its stake in PLDT by 8.3% in the second quarter. Northern Trust Corp now owns 12,149 shares of the technology company’s stock valued at $284,000 after purchasing an additional 935 shares during the last quarter. Institutional investors and hedge funds own 2.27% of the company’s stock.

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.