Citigroup Inc. downgraded PLDT Inc (ADR) (NYSE:PHI) to Sell in a report released today.
- Updated: October 4, 2016
Yesterday PLDT Inc (ADR) (NYSE:PHI) traded -5.88% lower at $34.25. The company’s 50-day moving average is $37.79 and its 200-day moving average is $40.23. The last closing price is down -15.68% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 126,835 shares of the stock traded hands, up from an average trading volume of 113,442
Citigroup Inc. has downgraded PLDT Inc (ADR) (NYSE:PHI) to Sell in a report released on 10/4/2016.
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PLDT Inc (ADR) has a 52 week low of $33.63 and a 52 week high of $51.27 with a P/E ratio of 22.49 The company’s market cap is currently $0.
In addition to Citigroup Inc. reporting its stock price target, a total of 1 broker has issued a research note on the company. The average stock price target is $40.91 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis About PLDT Inc (ADR) (NYSE:PHI)
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. The Company's wireless segment provides cellular, wireless broadband and other services, and digital platforms and mobile financial services. Its Fixed Line segment provides local exchange, international long distance, national long distance, data and other network and miscellaneous services under its fixed line business. It offers postpaid and prepaid fixed line services. Its Other business consists of PLDT Communications and Energy Ventures, Inc. (PCEV), an investment holding company. It also focuses on providing wireless voice communications and wireless data communications.
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