Shares of PLDT Inc. (NYSE:PHI) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company.

Several equities analysts have recently commented on PHI shares. Zacks Investment Research downgraded PLDT from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub downgraded PLDT from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.

PLDT (NYSE PHI) traded up $0.72 during trading hours on Thursday, reaching $33.36. The company’s stock had a trading volume of 85,891 shares, compared to its average volume of 59,331. PLDT has a twelve month low of $25.50 and a twelve month high of $38.54. 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 company has a market capitalization of $7,207.63, a price-to-earnings ratio of 12.83, a PEG ratio of 0.91 and a beta of 0.99.

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Several institutional investors have recently made changes to their positions in PHI. Bank of New York Mellon Corp lifted its position in shares of PLDT by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 8,272 shares of the technology company’s stock valued at $265,000 after acquiring an additional 568 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PLDT by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 349,577 shares of the technology company’s stock valued at $11,226,000 after acquiring an additional 32,114 shares in the last quarter. UBS Group AG lifted its position in shares of PLDT by 0.6% in the first quarter. UBS Group AG now owns 26,047 shares of the technology company’s stock valued at $837,000 after acquiring an additional 166 shares in the last quarter. Bank of America Corp DE lifted its position in shares of PLDT by 11.5% in the first quarter. Bank of America Corp DE now owns 106,387 shares of the technology company’s stock valued at $3,422,000 after acquiring an additional 10,965 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new position in shares of PLDT in the second quarter valued at about $201,000. Institutional investors and hedge funds own 9.20% of the company’s stock.

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.

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