PLDT (NYSE:PHI) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of PLDT (NYSE:PHI) from a buy rating to a strong-buy rating in a research note released on Tuesday.

PLDT Price Performance

PLDT stock opened at $25.81 on Tuesday. PLDT has a one year low of $21.35 and a one year high of $30.39. The company’s fifty day moving average price is $27.04 and its two-hundred day moving average price is $25.55. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.33 and a quick ratio of 0.32.

PLDT (NYSE:PHI) last issued its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.67 earnings per share for the quarter. The business had revenue of $923.00 million for the quarter. PLDT had a return on equity of 21.49% and a net margin of 12.33%. As a group, analysts anticipate that PLDT will post 2.76 earnings per share for the current year.

PLDT Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, August 26th were paid a $0.634 dividend. The ex-dividend date was Monday, August 26th. This is a positive change from PLDT’s previous Semi-Annual dividend of $0.60. This represents a yield of 4.4%.

Institutional Investors Weigh In On PLDT

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of PLDT during the 3rd quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in shares of PLDT by 48.3% during the third quarter. GAMMA Investing LLC now owns 1,198 shares of the technology company’s stock worth $32,000 after buying an additional 390 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of PLDT by 141.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,396 shares of the technology company’s stock valued at $33,000 after acquiring an additional 819 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of PLDT in the first quarter worth $62,000. Finally, Blue Trust Inc. grew its stake in shares of PLDT by 392.6% in the second quarter. Blue Trust Inc. now owns 4,709 shares of the technology company’s stock worth $116,000 after acquiring an additional 3,753 shares during the last quarter. 2.26% of the stock is currently owned by institutional investors.

About PLDT

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.