PLDT Inc (PHI) Receives Average Recommendation of “Hold” from Analysts

PLDT Inc (NYSE:PHI) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $33.00.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of PLDT from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Friday, January 12th. Bank of America raised shares of PLDT from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 14th. Citigroup raised shares of PLDT from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 6th. Finally, JPMorgan Chase & Co. raised shares of PLDT from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th.

PLDT (NYSE PHI) traded down $0.86 during trading hours on Tuesday, reaching $29.52. 38,048 shares of the company’s stock traded hands, compared to its average volume of 99,769. 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 $6,377.97, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 0.98 and a beta of 0.83. PLDT has a 12 month low of $27.60 and a 12 month high of $38.54.

PLDT (NYSE:PHI) last posted its earnings results on Thursday, November 9th. The technology company reported $0.53 earnings per share for the quarter. The company had revenue of $787.68 million for the quarter. PLDT had a net margin of 16.32% and a return on equity of 25.56%. sell-side analysts anticipate that PLDT will post 2.5 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp purchased a new stake in shares of PLDT in the 2nd quarter valued at approximately $368,000. Susquehanna International Group LLP raised its stake in shares of PLDT by 37.0% in the 2nd quarter. Susquehanna International Group LLP now owns 36,392 shares of the technology company’s stock valued at $1,285,000 after acquiring an additional 9,832 shares during the period. Northern Trust Corp raised its stake 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 valued at $5,378,000 after acquiring an additional 20,426 shares during the period. Jane Street Group LLC purchased a new stake in shares of PLDT in the 3rd quarter valued at approximately $1,457,000. Finally, Wells Fargo & Company MN raised its stake in shares of PLDT by 7.1% in the 3rd quarter. Wells Fargo & Company MN now owns 74,332 shares of the technology company’s stock valued at $2,373,000 after acquiring an additional 4,923 shares during the period. 8.93% of the stock is currently owned by institutional investors and hedge funds.

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About PLDT

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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