Philippine Long Distance Telephone Co. (NYSE:PHI) shares were up 2.3% during mid-day trading on Friday . The stock traded as high as $45.95 and last traded at $45.21, with a volume of 65,473 shares traded. The stock had previously closed at $44.20.

Several research analysts have issued reports on PHI shares. Zacks Investment Research cut Philippine Long Distance Telephone from a “buy” rating to a “sell” rating in a research report on Friday, May 6th. Credit Suisse Group AG raised Philippine Long Distance Telephone from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 31st.

The stock has a 50-day moving average of $43.48 and a 200 day moving average of $41.44. The stock has a market cap of $9.69 billion and a price-to-earnings ratio of 24.37.

An institutional investor recently raised its position in Philippine Long Distance Telephone stock. First Trust Advisors LP increased its stake in Philippine Long Distance Telephone Co. (NYSE:PHI) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,739 shares of the company’s stock after buying an additional 16,321 shares during the period. First Trust Advisors LP owned about 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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