PLDT (NYSE:PHI) Upgraded at StockNews.com

StockNews.com upgraded shares of PLDT (NYSE:PHI) from a buy rating to a strong-buy rating in a research note released on Thursday.

PLDT Price Performance

Shares of PHI opened at $22.30 on Thursday. The stock’s 50 day moving average is $25.59 and its two-hundred day moving average is $25.57. PLDT has a 12 month low of $21.52 and a 12 month high of $30.39. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32.

PLDT (NYSE:PHI) last posted its quarterly earnings data 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 company had revenue of $933.44 million during the quarter. As a group, sell-side analysts expect that PLDT will post 2.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PHI. GAMMA Investing LLC increased its position in PLDT by 48.3% during the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after purchasing an additional 390 shares during the last quarter. Oldfield Partners LLP increased its position in shares of PLDT by 0.9% during the third quarter. Oldfield Partners LLP now owns 45,400 shares of the technology company’s stock worth $1,220,000 after acquiring an additional 400 shares during the period. EverSource Wealth Advisors LLC increased its holdings in PLDT by 141.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock worth $33,000 after purchasing an additional 819 shares during the period. Ballentine Partners LLC grew its holdings in PLDT by 6.9% during the 3rd quarter. Ballentine Partners LLC now owns 12,838 shares of the technology company’s stock worth $345,000 after acquiring an additional 826 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of PLDT in the 3rd quarter valued at $28,000. 2.26% of the stock is owned by hedge funds and other institutional investors.

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.