Analysts Set PLDT Inc (NYSE:PHI) Price Target at $28.00

PLDT Inc (NYSE:PHI) has earned an average recommendation of “Sell” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of equities research analysts have recently weighed in on PHI shares. CLSA lowered shares of PLDT from an “outperform” rating to an “underperform” rating in a report on Friday, June 7th. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday.

NYSE:PHI traded up $0.15 during mid-day trading on Tuesday, hitting $24.26. 63,807 shares of the stock traded hands, compared to its average volume of 92,689. The firm’s 50-day moving average is $24.44. The company has a market cap of $5.24 billion, a P/E ratio of 10.69 and a beta of 0.55. PLDT has a 12-month low of $19.36 and a 12-month high of $27.65. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.43 and a current ratio of 0.45.

PLDT (NYSE:PHI) last released its quarterly earnings results on Thursday, May 9th. The technology company reported $0.63 EPS for the quarter. PLDT had a net margin of 11.31% and a return on equity of 23.17%. The business had revenue of $791.00 million during the quarter. As a group, sell-side analysts predict that PLDT will post 2.37 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Deutsche Bank AG bought a new stake in PLDT during the 4th quarter valued at $89,000. Two Sigma Advisers LP purchased a new stake in shares of PLDT in the 4th quarter worth about $470,000. Quadrant Capital Group LLC grew its position in shares of PLDT by 41.7% in the 1st quarter. Quadrant Capital Group LLC now owns 11,888 shares of the technology company’s stock worth $256,000 after buying an additional 3,496 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new stake in shares of PLDT in the 4th quarter worth about $1,159,000. Finally, Marshall Wace LLP grew its position in shares of PLDT by 148.1% in the 1st quarter. Marshall Wace LLP now owns 84,877 shares of the technology company’s stock worth $1,840,000 after buying an additional 50,664 shares during the period. Institutional investors own 8.03% of the company’s stock.

PLDT Company Profile

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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Analyst Recommendations for PLDT (NYSE:PHI)

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