HSBC upgraded PLDT (NYSE:PHI) from Hold to Buy in a report released today.
- Updated: October 14, 2016
Showing a price of $33.44, PLDT (NYSE:PHI) traded 0.93% higher on the day. With the last close 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. The company has recorded a 50-day moving average of $36.35 and a two hundred day average of $39.78. Volume of trade was down over the average, with 49,091 shares of PHI changing hands under the typical 111,855
HSBC has upgraded PLDT (NYSE:PHI) from Hold to Buy in a statement released on 10/14/2016.
PLDT has one year low of $32.69 and a one year high of $51.27 with a price-earnings ratio of 22.37 and has a total market value of $0.
In addition to HSBC reporting its price target, a total of 1 analyst has issued a research note on the company. The average stock price target is $40.91 with zero firms rating the stock a strong buy, 0 brokers rating the stock a buy, zero equity analysts rating the company a hold, one analyst rating the company a underperform, and lastly 0 brokerages rating the stock a sell.
About PLDT (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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