PLDT (NYSE:PHI) Reaches New 52-Week Low – Should You Sell?

Shares of PLDT Inc. (NYSE:PHI) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $17.81 and last traded at $17.7950, with a volume of 31652 shares. The stock had previously closed at $18.12.

Analysts Set New Price Targets

PHI has been the subject of a number of research reports. Zacks Research lowered shares of PLDT from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 21st. Weiss Ratings lowered shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PLDT has an average rating of “Reduce”.

PLDT Price Performance

The business’s fifty day simple moving average is $19.89 and its 200-day simple moving average is $21.52. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 2.10. The firm has a market cap of $3.84 billion, a P/E ratio of 7.41, a PEG ratio of 2.61 and a beta of 0.60.

PLDT (NYSE:PHI) last issued its earnings results on Friday, May 15th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $932.80 million for the quarter, compared to analysts’ expectations of $913.27 million. PLDT had a net margin of 13.62% and a return on equity of 27.37%. As a group, analysts forecast that PLDT Inc. will post 2.58 EPS for the current fiscal year.

Insider Activity at PLDT

In other news, Director Alfredo Santos Panlilio sold 4,505 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $22.64, for a total transaction of $101,993.20. Following the completion of the transaction, the director directly owned 3,000 shares in the company, valued at $67,920. The trade was a 60.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PHI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of PLDT during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in shares of PLDT by 272.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock valued at $28,000 after acquiring an additional 955 shares during the last quarter. Arax Advisory Partners raised its stake in shares of PLDT by 429.4% during the fourth quarter. Arax Advisory Partners now owns 1,710 shares of the technology company’s stock valued at $37,000 after acquiring an additional 1,387 shares during the last quarter. CWM LLC raised its stake in shares of PLDT by 22.1% during the fourth quarter. CWM LLC now owns 2,590 shares of the technology company’s stock valued at $56,000 after acquiring an additional 469 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of PLDT by 155.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,866 shares during the last quarter. 2.26% of the stock is currently owned by hedge funds and other institutional investors.

About PLDT

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed?line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long?distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed?line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.