Bank of America upgraded shares of PLDT (NYSE:PHI) from an underperform rating to a neutral rating in a research report report published on Thursday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of PLDT from a sell rating to a hold rating in a report on Wednesday, October 11th. Citigroup upgraded shares of PLDT from a sell rating to a neutral rating in a report on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold.

PLDT (NYSE:PHI) traded up $0.04 during trading hours on Thursday, reaching $30.00. 172,096 shares of the company’s stock traded hands, compared to its average volume of 95,232. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 1.35. The firm has a market cap of $6,293.71, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.79 and a beta of 0.94. PLDT has a 12 month low of $25.80 and a 12 month high of $38.54.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of PLDT by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 356,592 shares of the technology company’s stock worth $11,356,000 after acquiring an additional 7,015 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of PLDT by 15.5% in the 2nd quarter. Northern Trust Corp now owns 152,290 shares of the technology company’s stock worth $5,378,000 after acquiring an additional 20,426 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of PLDT by 6.3% in the 3rd quarter. Aperio Group LLC now owns 125,034 shares of the technology company’s stock worth $3,991,000 after acquiring an additional 7,415 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of PLDT by 221.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 96,410 shares of the technology company’s stock worth $3,404,000 after acquiring an additional 66,409 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in PLDT by 7.1% during the 3rd quarter. Wells Fargo & Company MN now owns 74,332 shares of the technology company’s stock worth $2,373,000 after buying an additional 4,923 shares in the last quarter. Hedge funds and other institutional investors own 9.03% of the company’s stock.

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PLDT Company Profile

PLDT, Inc, formerly Philippine Long Distance Telephone Company (PLDT), is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

Analyst Recommendations for PLDT (NYSE:PHI)

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