Notable Price Action: PLDT Inc (ADR)’s Stock Is Sell After Achieving 1 Year Low

Notable Price Action: PLDT Inc (ADR)'s Stock Is Sell After Achieving 1 Year Low

The stock of PLDT Inc (ADR) (NYSE:PHI) hit a new 52-week low and has $28.68 target or 6.00% below today’s $30.51 share price. The 8 months bearish chart indicates high risk for the $6.36B company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $28.68 price target is reached, the company will be worth $381.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 84,356 shares traded hands. PLDT Inc (ADR) (NYSE:PHI) has declined 22.88% since April 7, 2016 and is downtrending. It has underperformed by 27.67% the S&P500.

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. The stock of PLDT Inc (ADR) (NYSE:PHI) earned “Neutral” rating by Credit Suisse on Tuesday, May 31. The stock of PLDT Inc (ADR) (NYSE:PHI) has “Buy” rating given on Friday, October 14 by HSBC. The stock of PLDT Inc (ADR) (NYSE:PHI) has “Hold” rating given on Wednesday, August 5 by Zacks.

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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