Philippine Long Distance Telephone (PHI, Financial) experienced significant stock volatility, with a rapid decline of 5.07%, pricing at $21.74 per share. Trading volume reached 61,861 shares, marking a turnover rate of 0.03% and a price fluctuation of 2.49%.
Recent financial reports reveal PHI's operating revenue stands at $923 million, with a net profit of $149 million. Earnings per share are reported at $0.69, and the gross profit is $588 million, resulting in a price-to-earnings ratio of 10.45.
Regarding institutional ratings, 70% of the 10 agencies surveyed recommend buying, while 30% suggest holding, with no recommendations to sell.
In the telecom services sector, PHI faces a broader industry decline of 0.53%. Among related stocks, Youku, Altice USA Inc., and Liberty Global Class B showed notable gains. Meanwhile, Altice USA Inc., Frontier Communications Parent Inc., and Lumen Technologies Inc. reported active trading with turnover rates of 1.37%, 1.14%, and 1.09%, respectively. Stocks with significant price swings include Youku, IHS Holding Limited, and Lumen Technologies Inc., with fluctuations of 20.99%, 16.97%, and 10.77%.
PLDT Inc, the company behind PHI, is a major telecom operator in the Philippines, offering wireless, fixed line, and other telecom services through Smart, DMPI, and its subsidiaries.
