Philippine Long Distance Telephone Co. (NYSE:PHI) shares were up 2.2% during trading on Tuesday . The company traded as high as $40.75 and last traded at $40.46, with a volume of 73,487 shares changing hands. The stock had previously closed at $39.59.

A number of research analysts recently commented on PHI shares. 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. Citigroup Inc. downgraded shares of Philippine Long Distance Telephone from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 3rd. Finally, 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.

The firm has a market capitalization of $8.69 billion and a PE ratio of 25.77. The firm has a 50 day moving average price of $43.19 and a 200 day moving average price of $41.54.

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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