Noteworthy Price Action: PLDT Inc (ADR) Stock Price Declines Today

Noteworthy Price Action: PLDT Inc (ADR) Stock Price Declines Today

The stock of PLDT Inc (ADR) (NYSE:PHI) is a huge mover today! The stock decreased 2.29% or $0.71 on November 8, hitting $30.26. About 227,563 shares traded hands or 126.27% up from the average. PLDT Inc (ADR) (NYSE:PHI) has declined 24.00% since April 6, 2016 and is downtrending. It has underperformed by 25.96% the S&P500.
The move comes after 6 months negative chart setup for the $6.47B company. It was reported on Nov, 8 by Barchart.com. We have $27.84 PT which if reached, will make NYSE:PHI worth $517.60M less.

PLDT Inc (ADR) (NYSE:PHI) Ratings Coverage

Out of 3 analysts covering Philippine Long Distance Telephone (NYSE:PHI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Philippine Long Distance Telephone has been the topic of 4 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of PLDT Inc (ADR) (NYSE:PHI) earned “Buy” rating by Citigroup on Tuesday, March 15. On Tuesday, May 31 the stock rating was upgraded by Credit Suisse to “Neutral”. HSBC upgraded the stock to “Buy” rating in Friday, October 14 report. The firm has “Hold” rating by Zacks given on Wednesday, August 5.

According to Zacks Investment Research, “PLDT Inc. offers telecommunications services. Its operating segment consists of Wireless, Fixed Line and Others. Wireless segment provides cellular, wireless broadband and other services, and digital platforms and mobile financial services. Fixed Line segment provides local exchange, international long distance, national long distance, data and other network and miscellaneous services. It offers postpaid and prepaid fixed line services. PLDT, Inc., formerly known as Philippine Long Distance Telephone Company, is based in Makati City, the Philippines.”

Another recent and important PLDT Inc (ADR) (NYSE:PHI) news was published by Marketwatch.com which published an article titled: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 21, 2009.

PHI Company Profile

PLDT, Inc., formerly Philippine Long Distance Telephone Company (PLDT), incorporated on November 28, 1928, is a telecommunications service well-known provider in the Philippines. The Firm operates through three business divisions: Wireless, Fixed Line and Others. The Company, through its business divisions, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

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