Stock of the Day: Could PLDT Inc (ADR) Gain Strenght? The Stock Reaches 52 Week Low

Stock of the Day: Could PLDT Inc (ADR) Gain Strenght? The Stock Reaches 52 Week Low

The stock of PLDT Inc (ADR) (NYSE:PHI) hit a new 52-week low and has $25.41 target or 5.00% below today’s $26.75 share price. The 8 months bearish chart indicates high risk for the $5.89 billion company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $25.41 price target is reached, the company will be worth $294.50 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 72,880 shares traded hands. PLDT Inc (ADR) (NYSE:PHI) has declined 34.12% since April 19, 2016 and is downtrending. It has underperformed by 37.98% 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 has “Buy” rating given by Citigroup on Tuesday, March 15. Credit Suisse upgraded the shares of PHI in a report on Tuesday, May 31 to “Neutral” rating. The company was downgraded on Wednesday, August 5 by Zacks. HSBC upgraded PLDT Inc (ADR) (NYSE:PHI) on Friday, October 14 to “Buy” rating.

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: “Virtual Stock Exchange” 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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