PLDT (NYSE:PHI) Upgraded by Zacks Research to "Strong Sell" Rating

PLDT (NYSE:PHI - Get Free Report) was upgraded by investment analysts at Zacks Research to a "strong sell" rating in a research note issued on Tuesday,Zacks.com reports.Separately, Wall Street Zen cut shares of PLDT from a "buy" rating to a "hold" rating in a research report on Friday, June 6th.View Our Latest Stock Report on PHIPLDT Stock PerformanceShares of NYSE PHI opened at $22.62 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 2.16. The firm's 50-day moving average price is $22.31 and its two-hundred day moving average price is $22.79. PLDT has a 52-week low of $20.29 and a 52-week high of $29.05. The stock has a market capitalization of $4.89 billion, a P/E ratio of 8.73, a P/E/G ratio of 2.04 and a beta of 0.71. PLDT (NYSE:PHI - Get Free Report) last announced its earnings results on Thursday, May 15th. The technology company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). The firm had revenue of $991.52 million for the quarter. PLDT had a return on equity of 28.96% and a net margin of 14.67%. As a group, sell-side analysts forecast that PLDT will post 2.76 earnings per share for the current year. Institutional Investors Weigh In On PLDTInstitutional investors and hedge funds have recently modified their holdings of the business. Walleye Capital LLC bought a new stake in PLDT in the fourth quarter valued at about $266,000. Northern Trust Corp increased its stake in PLDT by 1,189.5% in the fourth quarter. Northern Trust Corp now owns 138,992 shares of the technology company's stock valued at $3,079,000 after purchasing an additional 128,213 shares in the last quarter. Jane Street Group LLC increased its position in shares of PLDT by 199.9% during the fourth quarter. Jane Street Group LLC now owns 23,632 shares of the technology company's stock worth $523,000 after acquiring an additional 15,752 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of PLDT by 49.4% during the fourth quarter. BNP Paribas Financial Markets now owns 4,396 shares of the technology company's stock worth $97,000 after acquiring an additional 1,453 shares in the last quarter. Finally, Bank of America Corp DE grew its position in PLDT by 12.5% in the fourth quarter. Bank of America Corp DE now owns 27,170 shares of the technology company's stock valued at $602,000 after purchasing an additional 3,023 shares in the last quarter. Institutional investors and hedge funds own 2.26% of the company's stock. PLDT Company Profile (Get Free Report)PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.See AlsoFive stocks we like better than PLDTWhy Are Stock Sectors Important to Successful Investing?3 Long-Term Dividend Buys You Can Get for Under $50What is the Australian Securities Exchange (ASX) How AEP Became a Critical AI Infrastructure PlayHow to Profit From Value Investing How Did Peter Thiel-Backed Crypto Exchange Bullish's IPO Go?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in PLDT Right Now?Before you consider PLDT, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PLDT wasn't on the list.While PLDT currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here