Philippine Long Distance Telephone Co. (NYSE:PHI) rose 2.3% on Friday . The company traded as high as $45.95 and last traded at $45.21, with a volume of 65,473 shares changing hands. The stock had previously closed at $44.20.

PHI has been the topic of a number of research analyst reports. Credit Suisse Group AG raised shares of Philippine Long Distance Telephone from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Zacks Investment Research downgraded shares of Philippine Long Distance Telephone from a “buy” rating to a “sell” rating in a research report on Friday, May 6th.

The stock’s 50-day moving average price is $43.20 and its 200-day moving average price is $41.43. The firm has a market capitalization of $9.74 billion and a P/E ratio of 24.38.

An institutional investor recently raised its position in Philippine Long Distance Telephone stock. First Trust Advisors LP raised its position in Philippine Long Distance Telephone Co. (NYSE:PHI) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,739 shares of the company’s stock after buying an additional 16,321 shares during the period. First Trust Advisors LP owned approximately 0.05% of Philippine Long Distance Telephone worth $4,905,000 at the end of the most recent quarter.

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 three business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

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