PLDT Inc (PHI) Given $29.43 Consensus Target Price by Brokerages

PLDT Inc (NYSE:PHI) has earned a consensus broker rating score of 0.00 () from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation.

Analysts have set a one year consensus target price of $29.43 for the company, according to Zacks. Zacks has also assigned PLDT an industry rank of 71 out of 265 based on the ratings given to related companies.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded PLDT from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Credit Suisse Group AG upgraded PLDT from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 7th.

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Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in PLDT by 5.9% in the fourth quarter. Renaissance Technologies LLC now owns 2,684,400 shares of the company’s stock valued at $73,955,000 after buying an additional 150,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in PLDT by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 317,463 shares of the company’s stock valued at $8,747,000 after buying an additional 22,184 shares during the last quarter. Two Sigma Investments LP purchased a new stake in PLDT during the fourth quarter valued at approximately $2,547,000. Comerica Bank boosted its stake in PLDT by 12.5% in the fourth quarter. Comerica Bank now owns 12,307 shares of the company’s stock valued at $362,000 after buying an additional 1,365 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in PLDT during the fourth quarter valued at approximately $224,000. Hedge funds and other institutional investors own 9.89% of the company’s stock.

PLDT (NYSE:PHI) opened at 30.75 on Thursday. PLDT has a one year low of $25.50 and a one year high of $46.13. The firm has a market cap of $6.64 billion, a P/E ratio of 16.77 and a beta of 1.25. The firm’s 50-day moving average price is $29.43 and its 200 day moving average price is $30.80.

The company also recently announced a semiannual dividend, which will be paid on Friday, April 14th. Shareholders of record on Monday, March 20th will be paid a $0.5564 dividend. This represents a yield of 3.62%. The ex-dividend date is Thursday, March 16th. PLDT’s payout ratio is 83.87%.

About PLDT

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.

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