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

PHI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Philippine Long Distance Telephone from a “strong sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Tuesday, May 3rd. Credit Suisse Group AG upgraded shares of Philippine Long Distance Telephone from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Finally, Citigroup Inc. lowered shares of Philippine Long Distance Telephone from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd.

The firm has a market cap of $8.62 billion and a PE ratio of 25.56. The company’s 50-day moving average is $42.99 and its 200-day moving average is $41.48.

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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