Somewhat Favorable News Coverage Somewhat Unlikely to Affect PLDT (PHI) Share Price

Media headlines about PLDT (NYSE:PHI) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PLDT earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 44.5928140339382 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

PLDT (PHI) traded up $0.18 during midday trading on Friday, hitting $29.36. The stock had a trading volume of 35,436 shares, compared to its average volume of 81,988. The firm has a market cap of $6,343.40, a P/E ratio of 12.08, a PEG ratio of 0.97 and a beta of 0.83. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.35. PLDT has a 12 month low of $27.60 and a 12 month high of $38.54.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded PLDT from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America raised PLDT from an “underperform” rating to a “neutral” rating in a report on Thursday, December 14th. Citigroup raised PLDT from a “sell” rating to a “neutral” rating in a report on Wednesday, December 6th. Finally, JPMorgan Chase & Co. raised PLDT from a “neutral” rating to an “overweight” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. PLDT has an average rating of “Hold” and an average price target of $33.00.

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PLDT Company Profile

PLDT, Inc, formerly 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 business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.

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