Somewhat Positive Media Coverage Somewhat Unlikely to Impact PLDT (PHI) Stock Price
News articles about PLDT (NYSE:PHI) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PLDT earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.1103582338581 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have recently issued reports on PHI shares. Macquarie raised shares of PLDT from a “neutral” rating to an “outperform” rating in a research report on Friday, May 26th. BidaskClub lowered shares of PLDT from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. CLSA raised shares of PLDT from a “sell” rating to a “buy” rating in a research report on Wednesday, May 24th. Zacks Investment Research raised shares of PLDT from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Deutsche Bank AG lowered shares of PLDT from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Four analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. PLDT presently has a consensus rating of “Hold” and a consensus price target of $39.00.
PLDT (PHI) traded up 0.71% during mid-day trading on Friday, hitting $34.00. 36,774 shares of the stock traded hands. The company’s 50 day moving average price is $33.61 and its 200-day moving average price is $33.37. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 15.50 and a beta of 1.01. PLDT has a 1-year low of $25.50 and a 1-year high of $39.90.
The company also recently announced a semiannual dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 24th will be given a $0.9411 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a yield of 5.57%. This is a positive change from PLDT’s previous semiannual dividend of $0.56. PLDT’s dividend payout ratio is currently 66.08%.
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.
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