PLDT (NYSE:PHI) Hits New 52-Week Low – Time to Sell?

Shares of PLDT Inc. (NYSE:PHI) hit a new 52-week low during trading on Monday . The stock traded as low as $17.81 and last traded at $17.7950, with a volume of 31652 shares. The stock had previously closed at $18.12.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of PLDT from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Weiss Ratings lowered shares of PLDT from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

PLDT Stock Performance

The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The company has a current ratio of 0.42, a quick ratio of 0.40 and a debt-to-equity ratio of 2.10. The stock’s fifty day simple moving average is $20.03 and its 200-day simple moving average is $21.58.

PLDT (NYSE:PHI) last announced its quarterly earnings data on Friday, May 15th. The technology company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $932.80 million for the quarter, compared to analyst estimates of $913.27 million. PLDT had a net margin of 13.62% and a return on equity of 27.37%. Analysts predict that PLDT Inc. will post 2.58 EPS for the current year.

Insider Transactions at PLDT

In related news, Director Alfredo Santos Panlilio sold 4,505 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $22.64, for a total transaction of $101,993.20. Following the transaction, the director owned 3,000 shares in the company, valued at $67,920. This represents a 60.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On PLDT

Several hedge funds and other institutional investors have recently made changes to their positions in PHI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in PLDT during the fourth quarter worth $26,000. Farther Finance Advisors LLC boosted its position in PLDT by 272.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,306 shares of the technology company’s stock worth $28,000 after purchasing an additional 955 shares during the period. Arax Advisory Partners boosted its position in PLDT by 429.4% during the fourth quarter. Arax Advisory Partners now owns 1,710 shares of the technology company’s stock worth $37,000 after purchasing an additional 1,387 shares during the period. CWM LLC boosted its position in PLDT by 22.1% during the fourth quarter. CWM LLC now owns 2,590 shares of the technology company’s stock worth $56,000 after purchasing an additional 469 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 1,866 shares during the period. 2.26% of the stock is owned by institutional investors.

PLDT Company Profile

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.