PLDT (NYSE:PHI) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

PLDT Inc. (NYSE:PHI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.17 and traded as high as $24.08. PLDT shares last traded at $23.9050, with a volume of 44,490 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Zacks Research raised PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of PLDT in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

PLDT Stock Down 0.3%

The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.37 and a current ratio of 0.38. The stock has a 50-day simple moving average of $22.17 and a 200 day simple moving average of $21.17.

PLDT (NYSE:PHI) last announced its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). PLDT had a return on equity of 28.27% and a net margin of 13.40%.The firm had revenue of $922.04 million during the quarter, compared to analysts’ expectations of $953.29 million. As a group, equities research analysts expect that PLDT Inc. will post 2.76 earnings per share for the current year.

Institutional Trading of PLDT

Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its holdings in shares of PLDT by 272.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock valued at $28,000 after acquiring an additional 955 shares during the last quarter. CWM LLC lifted its position in PLDT by 22.1% during the fourth quarter. CWM LLC now owns 2,590 shares of the technology company’s stock valued at $56,000 after purchasing an additional 469 shares during the period. MAI Capital Management purchased a new stake in PLDT in the second quarter valued at $65,000. EverSource Wealth Advisors LLC grew its position in PLDT by 155.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,866 shares during the period. Finally, Quadrant Capital Group LLC acquired a new stake in PLDT during the 3rd quarter worth about $78,000. 2.26% of the stock is currently owned by institutional investors and hedge funds.

PLDT Company Profile

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.