PLDT Inc. (NYSE: PHI) shares surged to $23.68 on Friday, showing a gap up in the share price, from its previous close of $23.10. PLDT’s stock has a market capitalization of $5.01 billion, and institutional investors and hedge funds own 2.59% of it. The company operates through three segments: Wireless, Fixed Line, and Others, providing telecommunications services in the Philippines. The Wireless segment focuses on data services while also managing voice and SMS business, and the Fixed Line segment offers fixed-line telecommunications services throughout the Philippines to retail, corporate, and SME clients. Wall Street analysts expect PLDT’s growth and issued a “buy” rating on the stock. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.30, and a quick ratio of 0.28, and its stock has a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 0.96, and a beta of 0.56. Subscribe to MarketBeat.com’s FREE daily email newsletter to receive a concise daily summary of the latest news and analysts’ ratings for PLDT and related companies.
PLDT Inc. (NYSE: PHI) shares rose sharply to open at $23.68 on Friday, from the previous close of $23.10, indicating a gap up in the share price. The stock’s last traded price was $23.27, with a trading volume of undetermined value.
Wall Street analysts forecast growth for PLDT, and StockNews.com issued a “buy” rating on the stock in a research note on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.30, and a quick ratio of 0.28. The stock has a 50-day moving average price of $24.95 and a 200-day moving average price of $26.07. With a market capitalization of $5.01 billion, PLDT’s stock has a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 0.96, and a beta of 0.56.
A few institutional investors recently made changes to their positions in PHI, with 2.59% of the stock owned by institutional investors and hedge funds. Ronald Blue Trust Inc. increased its stake in PLDT by 658.9% during the third quarter and now owns 1,700 shares of the technology company’s stock worth $52,000 after buying an additional 1,476 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in PLDT during the fourth quarter worth $46,000. Citigroup Inc. boosted its stake in PLDT by 1,869.6% during the first quarter and now owns 2,265 shares of the technology company’s stock worth $80,000 after buying an additional 2,150 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new position in PLDT during the third quarter worth $72,000. Finally, Quadrant Capital Group LLC boosted its stake in PLDT by 15.4% during the second quarter and now owns 6,666 shares of the technology company’s stock worth $203,000 after buying an additional 888 shares during the last quarter.
PLDT, Inc is a telecommunication service provider in the Philippines that operates through three main segments: Wireless, Fixed Line, and Others. The Wireless segment focuses on data services while also managing the voice and SMS business, and the Fixed Line segment offers fixed-line telecommunications services throughout the Philippines to retail, corporate, and SME clients.
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