BidaskClub downgraded shares of PLDT Inc. (NYSE:PHI) from a sell rating to a strong sell rating in a report released on Monday.

A number of other equities research analysts have also issued reports on PHI. Deutsche Bank AG lowered PLDT from a buy rating to a hold rating in a research note on Monday, July 17th. Zacks Investment Research raised PLDT from a sell rating to a hold rating in a research note on Thursday, July 13th. TheStreet raised PLDT from a d+ rating to a c- rating in a research note on Monday, June 5th. CLSA raised PLDT from a sell rating to a buy rating in a research note on Wednesday, May 24th. Finally, Credit Suisse Group lowered PLDT from a neutral rating to an underperform rating in a research note on Wednesday, May 10th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $39.00.

Shares of PLDT (PHI) traded down 0.70% during trading on Monday, reaching $33.81. The company had a trading volume of 65,395 shares. The firm has a market capitalization of $7.30 billion, a P/E ratio of 19.80 and a beta of 1.03. The firm’s 50 day moving average price is $35.48 and its 200 day moving average price is $32.89. PLDT has a 12 month low of $25.50 and a 12 month high of $46.13.

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Several hedge funds and other institutional investors have recently modified their holdings of PHI. Comerica Bank raised its position in shares of PLDT by 12.5% in the fourth quarter. Comerica Bank now owns 12,307 shares of the technology company’s stock worth $362,000 after buying an additional 1,365 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of PLDT by 14.8% in the fourth quarter. Macquarie Group Ltd. now owns 69,700 shares of the technology company’s stock worth $1,920,000 after buying an additional 9,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of PLDT by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 317,463 shares of the technology company’s stock worth $8,747,000 after buying an additional 22,184 shares in the last quarter. United Services Automobile Association raised its position in shares of PLDT by 23.2% in the first quarter. United Services Automobile Association now owns 91,380 shares of the technology company’s stock worth $2,939,000 after buying an additional 17,200 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of PLDT by 13.6% in the first quarter. Wells Fargo & Company MN now owns 63,347 shares of the technology company’s stock worth $2,037,000 after buying an additional 7,589 shares in the last quarter. 10.15% of the stock is currently owned by institutional investors.

About PLDT

PLDT, Inc, formerly 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 business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

Analyst Recommendations for PLDT (NYSE:PHI)

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