Philippine Long Distance Telephone Co. (NYSE:PHI)’s share price was down 2.7% on Thursday . The stock traded as low as $38.75 and last traded at $39.60, with a volume of 89,434 shares trading hands. The stock had previously closed at $40.68.

Several equities analysts have recently weighed in on PHI shares. Zacks Investment Research cut Philippine Long Distance Telephone from a “buy” rating to a “sell” rating in a report on Friday, May 6th. Citigroup Inc. cut Philippine Long Distance Telephone from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG upgraded Philippine Long Distance Telephone from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 31st.

The company’s 50 day moving average is $43.28 and its 200-day moving average is $41.62. The stock has a market cap of $8.58 billion and a PE ratio of 25.61.

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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