Somewhat Favorable News Coverage Somewhat Unlikely to Impact PLDT (PHI) Share Price
Press coverage about PLDT (NYSE:PHI) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PLDT earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 47.1915274066185 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- PLDT (PHI) Downgraded by BidaskClub (americanbankingnews.com)
- Third telco player handicapped without govt intervention (manilatimes.net)
- Form 6-K PLDT Inc. For: Apr 16 (streetinsider.com)
- BRIEF-PLDT Updates On Unit’s Disposal of Rocket Internet SE Shares (reuters.com)
- PLDT subsidiary selling bulk of Rocket Internet shares (rappler.com)
A number of research analysts have recently weighed in on the company. Morgan Stanley raised PLDT from an “underweight” rating to an “equal weight” rating in a report on Friday, March 9th. Zacks Investment Research downgraded PLDT from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Finally, JPMorgan Chase upgraded PLDT from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. PLDT currently has an average rating of “Hold” and an average price target of $33.00.
The business also recently announced a special dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Thursday, April 12th will be paid a $0.5342 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. PLDT’s payout ratio is 39.48%.
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PLDT Company Profile
PLDT Inc provides telecommunications services in the Philippines. The company's Wireless segment offers cellular mobile, Internet broadband distribution, operations support services, mobile applications and digital platforms development, mobile payment, solutions and systems integration, satellite communications, and satellite information and messaging services.
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