PLDT (NYSE:PHI) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of PLDT (NYSE:PHI) from a buy rating to a strong-buy rating in a report published on Friday.

PLDT Stock Performance

PHI opened at $24.71 on Friday. The business has a fifty day simple moving average of $22.99 and a 200 day simple moving average of $24.09. The company has a market capitalization of $5.34 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.68. PLDT has a 1 year low of $21.00 and a 1 year 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 Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.812 per share. The ex-dividend date is Wednesday, March 12th. This represents a dividend yield of 5.4%. PLDT’s payout ratio is 38.61%.

Institutional Trading of PLDT

A number of institutional investors have recently modified their holdings of PHI. SBI Securities Co. Ltd. acquired a new position in shares of PLDT during the 4th quarter worth $49,000. BNP Paribas Financial Markets acquired a new stake in shares of PLDT in the third quarter valued at about $79,000. Ascent Group LLC bought a new stake in shares of PLDT during the 3rd quarter valued at about $218,000. Sequoia Financial Advisors LLC boosted its position in shares of PLDT by 12.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of PLDT during the 4th quarter valued at about $266,000. 2.26% of the stock is currently 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.