StockNews.com Upgrades PLDT (NYSE:PHI) to “Strong-Buy”

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

PLDT Price Performance

PLDT stock opened at $22.30 on Thursday. PLDT has a one year low of $21.52 and a one year high of $30.39. The business has a fifty day moving average price of $25.59 and a 200-day moving average price of $25.56. 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 data on Tuesday, November 12th. The technology company reported $0.68 EPS for the quarter. The firm had revenue of $933.44 million for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. As a group, equities analysts anticipate that PLDT will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PHI. O Shaughnessy Asset Management LLC boosted its stake in shares of PLDT by 337.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 37,877 shares of the technology company’s stock valued at $934,000 after purchasing an additional 29,225 shares in the last quarter. Creative Planning grew its position in shares of PLDT by 21.1% in the third quarter. Creative Planning now owns 67,897 shares of the technology company’s stock valued at $1,825,000 after purchasing an additional 11,847 shares during the period. American Century Companies Inc. boosted its position in PLDT by 10.9% during the second quarter. American Century Companies Inc. now owns 93,479 shares of the technology company’s stock worth $2,296,000 after acquiring an additional 9,206 shares during the last quarter. Blue Trust Inc. boosted its position in PLDT by 194.8% during the third quarter. Blue Trust Inc. now owns 13,883 shares of the technology company’s stock worth $341,000 after acquiring an additional 9,174 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in PLDT by 80.2% in the 2nd quarter. Kathmere Capital Management LLC now owns 18,887 shares of the technology company’s stock valued at $464,000 after purchasing an additional 8,408 shares during the last quarter. Institutional investors 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.