PLDT (NYSE:PHI) Reaches New 1-Year Low – Here’s Why

PLDT Inc. (NYSE:PHI)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $21.45 and last traded at $21.67, with a volume of 183107 shares. The stock had previously closed at $22.09.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of PLDT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

PLDT Stock Up 0.8 %

The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.14 and a beta of 0.66. The firm’s 50-day simple moving average is $23.42 and its two-hundred day simple moving average is $25.19.

PLDT (NYSE:PHI) last posted 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 company had revenue of $933.44 million during the quarter. Sell-side analysts predict that PLDT Inc. will post 2.76 EPS for the current fiscal year.

Hedge Funds Weigh In On PLDT

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in PLDT during the third quarter valued at $28,000. GAMMA Investing LLC raised its holdings in PLDT by 48.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after buying an additional 390 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of PLDT in the third quarter worth $79,000. Blue Trust Inc. increased its stake in shares of PLDT by 392.6% in the second quarter. Blue Trust Inc. now owns 4,709 shares of the technology company’s stock worth $116,000 after acquiring an additional 3,753 shares during the last quarter. Finally, Ascent Group LLC acquired a new position in PLDT in the 3rd quarter worth about $218,000. Institutional investors and hedge funds own 2.26% of the company’s stock.

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.