Philippine Long Distance Telephone (ADR) (PHI) was Downgraded by Citigroup to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Oct 4, 2016.
Many Wall Street Analysts have commented on Philippine Long Distance Telephone (ADR). Philippine Long Distance Telephone (ADR) was Downgraded by Citigroup to ” Neutral” on Aug 3, 2016.
Philippine Long Distance Telephone (ADR) opened for trading at $35.59 and hit $35.995 on the upside on Friday, eventually ending the session at $35.67, with a gain of 0.65% or 0.23 points. The heightened volatility saw the trading volume jump to 1,18,247 shares. Company has a market cap of $7,705 M.
Philippine Long Distance Telephone Company (PLDT) is a telecommunications service provider in the Philippines. The Company operates in three business segments including wireless fixed line and others. The Company through its three business segments offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless fixed line and satellite networks. The Company provides cellular and wireless broadband satellite and other services through its wireless business. The Company’s fixed line business group offers local exchange international long distance national long distance data and other network and miscellaneous services. Other business consists of PCEV an investment holding company.