StockNews.com Downgrades PLDT (NYSE:PHI) to Buy

PLDT (NYSE:PHI) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

PLDT Stock Performance

NYSE:PHI opened at $24.12 on Friday. PLDT has a 12-month low of $21.94 and a 12-month high of $30.39. The stock’s 50 day moving average price is $26.38 and its two-hundred day moving average price is $25.57. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.32 and a current ratio of 0.33.

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. The firm had revenue of $923.00 million during the quarter. PLDT had a net margin of 12.33% and a return on equity of 21.49%. On average, equities research analysts predict that PLDT will post 2.76 EPS for the current year.

Institutional Trading of PLDT

Several large investors have recently modified their holdings of PHI. O Shaughnessy Asset Management LLC boosted its stake in PLDT by 337.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after buying an additional 29,225 shares in the last quarter. Creative Planning boosted its stake in shares of PLDT by 21.1% in the 3rd quarter. Creative Planning now owns 67,897 shares of the technology company’s stock valued at $1,825,000 after purchasing an additional 11,847 shares during the last quarter. American Century Companies Inc. grew its holdings in PLDT by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 93,479 shares of the technology company’s stock worth $2,296,000 after acquiring an additional 9,206 shares during the period. Blue Trust Inc. grew its stake in PLDT by 194.8% during the third quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock worth $341,000 after purchasing an additional 9,174 shares during the period. Finally, Kathmere Capital Management LLC increased its stake in shares of PLDT by 80.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company’s stock valued at $464,000 after acquiring an additional 8,408 shares in the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.

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.