PLDT (NYSE:PHI) Shares Cross Above 200-Day Moving Average – Time to Sell?

PLDT Inc. (NYSE:PHI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.26 and traded as high as $21.98. PLDT shares last traded at $21.95, with a volume of 83,110 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of PLDT from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings lowered PLDT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, November 12th. Finally, UBS Group cut PLDT from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 27th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

PLDT Price Performance

The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.16. The firm’s 50-day moving average price is $19.41 and its two-hundred day moving average price is $21.26. The stock has a market cap of $4.74 billion, a PE ratio of 8.47, a PEG ratio of 1.66 and a beta of 0.63.

PLDT (NYSE:PHI) last issued its quarterly earnings data on Tuesday, November 11th. The technology company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). The business had revenue of $910.40 million during the quarter, compared to the consensus estimate of $953.29 million. PLDT had a return on equity of 28.96% and a net margin of 14.67%. On average, equities analysts expect that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLDT

A number of institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC bought a new position in PLDT in the first quarter worth about $572,000. Natixis Advisors LLC bought a new stake in shares of PLDT in the 1st quarter valued at about $235,000. US Bancorp DE grew its position in shares of PLDT by 12.8% in the 1st quarter. US Bancorp DE now owns 20,140 shares of the technology company’s stock worth $440,000 after buying an additional 2,279 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of PLDT by 3.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company’s stock worth $290,000 after acquiring an additional 437 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in PLDT by 9.5% during the first quarter. American Century Companies Inc. now owns 120,757 shares of the technology company’s stock valued at $2,641,000 after acquiring an additional 10,505 shares during the last quarter. Institutional investors own 2.26% of the company’s stock.

About PLDT

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.