Published On: Wed, Sep 7th, 2016

Philippine Long Distance Telephone Co. (PHI) Trading Down 2.4%

Philippine Long Distance Telephone Co. (NYSE:PHI) traded down 2.4% during trading on Tuesday . The stock traded as low as $38.35 and last traded at $38.50, with a volume of 79,295 shares. The stock had previously closed at $39.46.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Philippine Long Distance Telephone from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Citigroup lowered Philippine Long Distance Telephone from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG upgraded Philippine Long Distance Telephone from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 31st.
The firm has a market capitalization of $8.34 billion and a price-to-earnings ratio of 24.65. The stock has a 50 day moving average price of $41.03 and a 200 day moving average price of $40.74.
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 three business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

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