Shares of PLDT Inc (NYSE:PHI) have been given an average recommendation of “Hold” by the nine analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $28.00.

PHI has been the subject of several research analyst reports. Credit Suisse Group upgraded shares of PLDT from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 7th. Zacks Investment Research lowered shares of PLDT from a “buy” rating to a “hold” rating in a research note on Friday, January 25th.

Shares of PHI stock traded up $0.09 during trading hours on Monday, hitting $24.40. 138,300 shares of the company were exchanged, compared to its average volume of 140,645. The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 1.46. PLDT has a 52-week low of $19.36 and a 52-week high of $27.65. The firm has a market cap of $5.25 billion, a P/E ratio of 10.75 and a beta of 0.74.

The firm also recently disclosed a semiannual dividend, which was paid on Friday, May 3rd. Investors of record on Wednesday, April 3rd were issued a $0.6817 dividend. This represents a yield of 6.16%. The ex-dividend date was Tuesday, April 2nd. PLDT’s dividend payout ratio (DPR) is presently 40.53%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oxford Asset Management LLP boosted its holdings in PLDT by 852.1% in the 1st quarter. Oxford Asset Management LLP now owns 111,775 shares of the technology company’s stock worth $2,422,000 after buying an additional 100,035 shares during the period. Marshall Wace LLP boosted its holdings in PLDT by 148.1% in the 1st quarter. Marshall Wace LLP now owns 84,877 shares of the technology company’s stock worth $1,840,000 after buying an additional 50,664 shares during the period. Renaissance Technologies LLC boosted its holdings in PLDT by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,923,954 shares of the technology company’s stock worth $63,362,000 after buying an additional 76,200 shares during the period. Marshall Wace North America L.P. boosted its holdings in PLDT by 1,988.6% in the 1st quarter. Marshall Wace North America L.P. now owns 64,747 shares of the technology company’s stock worth $1,404,000 after buying an additional 61,647 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in PLDT by 32.9% in the 1st quarter. Lazard Asset Management LLC now owns 10,373,368 shares of the technology company’s stock worth $224,789,000 after buying an additional 2,568,604 shares during the period. 6.46% of the stock is owned by institutional investors.

About PLDT

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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Analyst Recommendations for PLDT (NYSE:PHI)

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