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HSBC Securities upgraded Philippine Long Distance Telephone Company (NYSE:PHI) from Hold to Buy in a report released today.

Just yesterday Philippine Long Distance Telephone Company (NYSE:PHI) traded 0.93% higher at $33.66. Philippine Long Distance Telephone Company’s 50-day moving average is $36.35 and its 200-day moving average is $39.78. The last stock price is down -15.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 49,091 shares of PHI traded hands, down from an average trading volume of 111,855

HSBC Securities has upgraded Philippine Long Distance Telephone Company (NYSE:PHI) from Hold to Buy in a report released on Friday October 14, 2016.

Recent Performance Chart

Philippine Long Distance Telephone Company (NYSE:PHI)

Philippine Long Distance Telephone Company has 52 week low of $32.69 and a 52 week high of $51.27 with a PE ratio of 22.37 and has a market capitalization of $0.

In addition to HSBC Securities reporting its stock price target, a total of 1 brokerage has issued a ratings update on the company. The average stock price target is $40.91 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Philippine Long Distance Telephone Company (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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