PLDT (NYSE:PHI) Rating Increased

New York-listed Pldt (NYSE:PHI), was raised by analysts at BofA Merrill. The firm raised its rating on the $7.21 billion market cap company to “Neutral” from a previous “Underperform”.

This stock rating upgrade is well-received by stock traders, as NYSE:PHI is right now trading 2.21% higher at $33.36 as of 12:04 PM New York time. PLDT’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has gained 6.00% over the same time.

PLDT (NYSE:PHI) 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.

PLDT (NYSE:PHI) traded up 2.21% on 14 December, hitting $33.36. A total of 85,891 shares of the company’s stock traded hands. This is up from average of 66,272 shares. PLDT has a 52 week low of $25.50 and a 52 week high of $38.54. The company has a market cap of $7.21 billion and a P/E ratio of 0.

Get the latest PLDT (NYSE:PHI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post PLDT (NYSE:PHI) Upped at BofA Merrill to “Underperform” from “Underperform” Rating appeared first on Octafinance.