PLDT (NYSE:PHI) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of PLDT (NYSE:PHI) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning.

PLDT Stock Up 3.4 %

PHI opened at $22.30 on Thursday. PLDT has a 52 week low of $21.52 and a 52 week high of $30.39. The business has a 50 day moving average price of $25.59 and a two-hundred day moving average price of $25.57. The company has a quick ratio of 0.32, a current ratio of 0.34 and a debt-to-equity ratio of 2.24.

PLDT (NYSE:PHI) last released its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.68 EPS for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. The business had revenue of $933.44 million during the quarter. On average, equities research analysts predict that PLDT will post 2.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new stake in shares of PLDT in the 1st quarter valued at approximately $62,000. O Shaughnessy Asset Management LLC grew its stake in shares of PLDT by 337.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock worth $934,000 after purchasing an additional 29,225 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of PLDT by 141.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock valued at $33,000 after purchasing an additional 819 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of PLDT by 19.7% in the second quarter. Sequoia Financial Advisors LLC now owns 10,439 shares of the technology company’s stock valued at $256,000 after purchasing an additional 1,719 shares during the period. Finally, Blue Trust Inc. boosted its holdings in PLDT by 392.6% during the second quarter. Blue Trust Inc. now owns 4,709 shares of the technology company’s stock worth $116,000 after buying an additional 3,753 shares in the last quarter. 2.26% of the stock is owned by hedge funds and other institutional investors.

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.