PLDT Inc (NYSE:PHI) Receives Average Recommendation of “Sell” from Brokerages

PLDT Inc (NYSE:PHI) has been given an average recommendation of “Sell” by the nine analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

PHI has been the subject of several research reports. CLSA cut PLDT from an “outperform” rating to an “underperform” rating in a research report on Friday, June 7th. Zacks Investment Research cut PLDT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC increased its position in shares of PLDT by 32.9% during the first quarter. Lazard Asset Management LLC now owns 10,373,368 shares of the technology company’s stock worth $224,789,000 after purchasing an additional 2,568,604 shares in the last quarter. Aperio Group LLC increased its position in shares of PLDT by 49.5% during the second quarter. Aperio Group LLC now owns 516,600 shares of the technology company’s stock worth $12,822,000 after purchasing an additional 170,992 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of PLDT by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 452,819 shares of the technology company’s stock worth $9,678,000 after purchasing an additional 3,129 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of PLDT by 10.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 124,410 shares of the technology company’s stock worth $3,088,000 after purchasing an additional 11,310 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of PLDT by 148.1% during the first quarter. Marshall Wace LLP now owns 84,877 shares of the technology company’s stock worth $1,840,000 after purchasing an additional 50,664 shares in the last quarter. Hedge funds and other institutional investors own 8.04% of the company’s stock.

Shares of PHI stock traded up $0.37 during trading hours on Friday, hitting $22.24. 168,401 shares of the company’s stock were exchanged, compared to its average volume of 102,716. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 9.80 and a beta of 0.56. The business’s 50 day moving average price is $23.80. PLDT has a fifty-two week low of $19.36 and a fifty-two week high of $27.65.

PLDT (NYSE:PHI) last announced its earnings results on Thursday, May 9th. The technology company reported $0.63 earnings per share for the quarter. The business had revenue of $791.00 million during the quarter. PLDT had a return on equity of 23.17% and a net margin of 11.31%. On average, equities analysts predict that PLDT will post 2.37 earnings per share for the current year.

About PLDT

PLDT Inc operates as a telecommunications company in the Philippines. The company operates in three segments: Wireless, Fixed Line, and Others. The Wireless segment offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.

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Analyst Recommendations for PLDT (NYSE:PHI)

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