PLDT Inc (NYSE:PHI) Given Consensus Rating of “Hold” by Brokerages
PLDT Inc (NYSE:PHI) has been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.
PHI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded PLDT from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. upgraded PLDT from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 25th. Finally, ValuEngine lowered PLDT from a “sell” rating to a “strong sell” rating in a report on Friday, May 1st.
Several large investors have recently modified their holdings of PHI. Marshall Wace LLP grew its position in shares of PLDT by 4,401.2% in the fourth quarter. Marshall Wace LLP now owns 202,689 shares of the technology company’s stock valued at $4,052,000 after purchasing an additional 198,186 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of PLDT by 3.3% in the fourth quarter. Renaissance Technologies LLC now owns 3,277,116 shares of the technology company’s stock valued at $65,510,000 after buying an additional 105,762 shares during the period. Royal Bank of Canada lifted its stake in shares of PLDT by 28.7% in the first quarter. Royal Bank of Canada now owns 462,207 shares of the technology company’s stock valued at $9,503,000 after buying an additional 102,994 shares during the period. Jane Street Group LLC bought a new stake in shares of PLDT in the first quarter valued at about $1,353,000. Finally, Geode Capital Management LLC bought a new stake in shares of PLDT in the fourth quarter valued at about $1,301,000. 3.39% of the stock is currently owned by institutional investors.
PLDT (NYSE:PHI) last released its earnings results on Thursday, May 7th. The technology company reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $857.16 million during the quarter. PLDT had a return on equity of 22.06% and a net margin of 12.54%. As a group, analysts expect that PLDT will post 2.27 EPS for the current year.
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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