PLDT (NYSE:PHI) Shares Cross Above 200-Day Moving Average – What’s Next?

PLDT Inc. (NYSE:PHI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.08 and traded as high as $21.75. PLDT shares last traded at $21.68, with a volume of 20,374 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research raised shares of PLDT from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PLDT in a report on Monday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, PLDT has a consensus rating of “Hold”.

PLDT Price Performance

The company has a market cap of $4.67 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 1.98 and a beta of 0.65. The company has a current ratio of 0.38, a quick ratio of 0.37 and a debt-to-equity ratio of 2.32. The business has a 50-day moving average price of $20.89 and a 200 day moving average price of $21.08.

PLDT (NYSE:PHI) last announced its earnings results on Wednesday, November 12th. The technology company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). The company had revenue of $922.04 million for the quarter, compared to analysts’ expectations of $953.29 million. PLDT had a net margin of 13.40% and a return on equity of 28.27%. As a group, research analysts expect that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. MAI Capital Management acquired a new position in shares of PLDT in the second quarter worth $65,000. EverSource Wealth Advisors LLC boosted its stake in PLDT by 155.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company’s stock worth $67,000 after buying an additional 1,866 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in PLDT in the 3rd quarter valued at $78,000. Hantz Financial Services Inc. lifted its holdings in shares of PLDT by 759.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,774 shares of the technology company’s stock worth $82,000 after acquiring an additional 3,335 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of PLDT during the 3rd quarter valued at about $130,000. 2.26% of the stock is owned by institutional investors and hedge funds.

About PLDT

Philippine Long Distance Telephone Company (PLDT) is the largest integrated telecommunications provider in the Philippines, offering a comprehensive suite of fixed‐line, wireless, broadband Internet, and digital solutions to residential, enterprise, and government customers. Founded in 1928, PLDT has played a pivotal role in the development of the country’s communications infrastructure, evolving from a traditional operator of long‐distance telephone lines into a diversified digital services provider.

PLDT operates two main business segments: its fixed‐line and broadband operations under the PLDT brand and its wireless services through subsidiary Smart Communications.