PLDT Inc (PHI) Receives "Hold" Consensus Recommendation from Brokerages

PLDT Inc. (NYSE: PHI) received a consensus rating of "Hold" by the ten rating agencies that currently cover the stock, reports Marketbeat Two equity research analysts valued the stock with a sales recommendation, six assigned a restraint recommendation and two gave a purchase recommendation to the company.

Several analysts commented on the stock. Jefferies Financial Group lowered PLDT shares from a "buy" rating to a "hold" rating in a research report on Wednesday, May 16th. On May 11, Zacks Investment Research took PLDT shares from a "buy" rating to a "reduce" rating in a research report. May 9th Finally, Morgan Stanley raises In a research report, on Friday, March 9th, PLDT shares went from an "underweighted" rating to an "equal weight" rating.

PHI shares rose $ 0.10 mid-day Friday to $ 24.10. 108,700 shares were exchanged for an average volume of 89,240. The company has a market capitalization of $ 5.14 billion, a price / earnings ratio of 9.49 and a beta of 0.77. PLDT has a minimum of $ 21.58 over 52 weeks and a high of $ 34.90 over 52 weeks. The company has a debt ratio of 1.42, a ratio of 0.55 and a liquidity ratio of 0.58.

PLDT (NYSE: PHI) last published its quarterly results on Friday, May 11th. The technology company reported earnings per share of $ 0.54 for the quarter. The company achieved a turnover of $ 787.25 million during the quarter. PLDT had a net margin of 9.63% and a return on equity of 24.46%. Stock analysts predict that the PLDT will post 2.18 earnings per share for the current fiscal year.

Institutional investors have recently changed their position in the stock. Deutsche Bank AG increased its position in PLDT shares by 96.7% in the fourth quarter. Deutsche Bank AG now holds 39,545 shares in the technology company valued at $ 1,189,000 after purchasing 19,445 additional shares in the last quarter. Teacher Retirement System of Texas purchased a new PLDT equity position in the fourth quarter valued at approximately $ 1,324,000. Arrowstreet Capital Limited Partnership purchased a new position in PLDT shares in the fourth quarter valued at approximately $ 262,000. Citadel Advisors LLC bought a new position in PLDT shares in the fourth quarter valued at about $ 327,000. Finally, Millennium Management LLC bought a new position in PLDT shares in the fourth quarter worth about $ 948,000. 8.64% of the shares are held by hedge funds and other institutional investors.

About PLDT

PLDT Inc. is a telecommunications company in the Philippines. The wireless segment of the company offers mobile phone services, broadband Internet, operating, mobile application development and digital platforms, mobile payment, integration of solutions and services. systems, satellite communications and satellite information. PHI) "title =" Analyst Recommendations for PLDT (NYSE: PHI) "/>

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