PLDT (NYSE:PHI) Upgraded by StockNews.com to “Strong-Buy” Rating

PLDT (NYSE:PHI) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

PLDT Stock Up 3.4 %

PLDT stock opened at $22.30 on Thursday. The business has a 50-day moving average of $25.59 and a 200-day moving average of $25.54. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. PLDT has a 1 year low of $21.52 and a 1 year high of $30.39.

PLDT (NYSE:PHI) last posted its earnings results on Tuesday, November 12th. The technology company reported $0.68 earnings per share for the quarter. The company had revenue of $933.44 million for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. As a group, sell-side analysts expect that PLDT will post 2.76 EPS for the current year.

Institutional Trading of PLDT

A number of large investors have recently bought and sold shares of PHI. Quantinno Capital Management LP boosted its holdings in shares of PLDT by 37.2% in the third quarter. Quantinno Capital Management LP now owns 13,495 shares of the technology company’s stock valued at $363,000 after buying an additional 3,659 shares during the period. Ascent Group LLC acquired a new stake in shares of PLDT in the 3rd quarter valued at about $218,000. BNP Paribas Financial Markets acquired a new stake in shares of PLDT in the 3rd quarter valued at about $79,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of PLDT by 12.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 13,946 shares of the technology company’s stock valued at $375,000 after purchasing an additional 1,565 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in shares of PLDT by 15.1% during the third quarter. First Trust Direct Indexing L.P. now owns 10,570 shares of the technology company’s stock worth $284,000 after buying an additional 1,383 shares during the period. 2.26% of the stock is owned by 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.