Stock On Watch: A Reversal for PLDT Inc (ADR) Is Not Near. The Stock Reaches 1 Year Low Today

Stock On Watch: A Reversal for PLDT Inc (ADR) Is Not Near. The Stock Reaches 1 Year Low Today

The stock of PLDT Inc (ADR) (NYSE:PHI) hit a new 52-week low and has $31.24 target or 6.00% below today’s $33.23 share price. The 5 months bearish chart indicates high risk for the $7.18B company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $31.24 price target is reached, the company will be worth $430.80M 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 65,349 shares traded hands. PLDT Inc (ADR) (NYSE:PHI) has declined 12.48% since March 4, 2016 and is downtrending. It has underperformed by 20.52% the S&P500.

Analysts await PLDT Inc (ADR) (NYSE:PHI) to report earnings on November, 1.

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

Out of 2 analysts covering Philippine Long Distance Telephone (NYSE:PHI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Philippine Long Distance Telephone has been the topic of 3 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, May 31 by Credit Suisse. The company was downgraded on Wednesday, August 5 by Zacks. The company was upgraded on Tuesday, March 15 by Citigroup.

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.”

More important recent PLDT Inc (ADR) (NYSE:PHI) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 21, 2009, also Nasdaq.com published article titled: “Mid-Day Market Update: Novavax Tumbles Following Failed Trial; Depomed Shares …”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. More interesting news about PLDT Inc (ADR) (NYSE:PHI) was released by: Zacks.com and their article: “5 Asian Stocks to Benefit from MSCI China Decision” with publication date: June 11, 2015.

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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