PLDT Inc (NYSE:PHI) has been assigned a consensus rating of “Sell” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.
PHI has been the topic of several recent research reports. CLSA cut shares of PLDT from an “outperform” rating to an “underperform” rating in a research note on Friday, June 7th. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC bought a new stake in PLDT during the 1st quarter worth approximately $41,000. Signaturefd LLC grew its holdings in PLDT by 20.7% during the 1st quarter. Signaturefd LLC now owns 2,448 shares of the technology company’s stock valued at $53,000 after buying an additional 420 shares in the last quarter. Deutsche Bank AG purchased a new stake in PLDT during the 4th quarter valued at approximately $89,000. Greenleaf Trust purchased a new stake in PLDT during the 1st quarter valued at approximately $223,000. Finally, Wetherby Asset Management Inc. purchased a new stake in PLDT during the 1st quarter valued at approximately $244,000. Institutional investors own 8.03% of the company’s stock.
Shares of NYSE:PHI traded up $0.15 during trading on Tuesday, hitting $24.26. The company’s stock had a trading volume of 63,807 shares, compared to its average volume of 92,689. The company has a 50-day simple moving average of $24.44. PLDT has a 12 month low of $19.36 and a 12 month high of $27.65. 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 firm has a market cap of $5.24 billion, a price-to-earnings ratio of 10.69 and a beta of 0.55.
PLDT (NYSE:PHI) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported $0.63 earnings per share for the quarter. PLDT had a net margin of 11.31% and a return on equity of 23.17%. The firm had revenue of $791.00 million for the quarter. On average, equities research analysts forecast that PLDT will post 2.37 EPS for the current year.
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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