Philippine Long Distance Telephone Co. (PHI) Sees Large Volume Increase
Philippine Long Distance Telephone Co. (NYSE:PHI) shares saw unusually-high trading volume on Tuesday . Approximately 143,402 shares traded hands during trading, an increase of 6% from the previous session’s volume of 135,797 shares.The stock last traded at $44.14 and had previously closed at $44.68.
PHI has been the topic of several research reports. Credit Suisse Group AG raised shares of Philippine Long Distance Telephone from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 31st. Zacks Investment Research cut shares of Philippine Long Distance Telephone from a “buy” rating to a “sell” rating in a research report on Friday, May 6th.
The stock has a market cap of $9.47 billion and a PE ratio of 23.73. The firm has a 50 day moving average price of $43.71 and a 200-day moving average price of $41.44.
A hedge fund recently raised its stake in Philippine Long Distance Telephone stock. First Trust Advisors LP increased its position 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 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 0.05% of Philippine Long Distance Telephone worth $4,905,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.