PLDT (NYSE:PHI) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

PLDT Inc. (NYSE:PHI - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.15 and traded as high as $21.95. PLDT shares last traded at $21.7750, with a volume of 29,222 shares changing hands.Analyst Ratings ChangesSeveral research firms have recently weighed in on PHI. UBS Group cut shares of PLDT from a "buy" rating to a "neutral" rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of PLDT in a research report on Monday, December 1st. Finally, Zacks Research upgraded PLDT from a "strong sell" rating to a "hold" rating in a report on Monday, October 13th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce".Read Our Latest Stock Report on PHIPLDT Stock PerformanceThe stock's 50-day moving average price is $20.17 and its 200 day moving average price is $21.15. The firm has a market cap of $4.70 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 1.99 and a beta of 0.65. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.38 and a quick ratio of 0.37. PLDT (NYSE:PHI - Get Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). PLDT had a net margin of 13.40% and a return on equity of 28.27%. The business had revenue of $922.04 million during the quarter, compared to analyst estimates of $953.29 million. As a group, equities analysts predict that PLDT Inc. will post 2.76 EPS for the current year. Institutional Inflows and OutflowsSeveral hedge funds have recently made changes to their positions in PHI. PNC Financial Services Group Inc. grew its holdings in shares of PLDT by 3.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,279 shares of the technology company's stock worth $290,000 after purchasing an additional 437 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in PLDT by 6.8% during the third quarter. Envestnet Asset Management Inc. now owns 13,514 shares of the technology company's stock worth $253,000 after purchasing an additional 862 shares during the period. Sequoia Financial Advisors LLC grew its stake in PLDT by 9.5% during the second quarter. Sequoia Financial Advisors LLC now owns 13,942 shares of the technology company's stock worth $303,000 after buying an additional 1,205 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in PLDT by 155.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,069 shares of the technology company's stock worth $67,000 after buying an additional 1,866 shares in the last quarter. Finally, US Bancorp DE increased its holdings in PLDT by 12.8% in the 1st quarter. US Bancorp DE now owns 20,140 shares of the technology company's stock valued at $440,000 after buying an additional 2,279 shares during the period. 2.26% of the stock is owned by institutional investors. About PLDT (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.Featured StoriesFive stocks we like better than PLDTUnveiling The Power Of VWAP: A Key Indicator For TradersWhat Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer HealthWhat is the FTSE 100 index? 3 Stocks Most Likely to Split in 2026Natural Gas Prices Continue To Rally, These Stocks Should BenefitChargePoint's Comeback Story: Why This EV Stock Is Charging Up AgainThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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 Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here