PHI Stock Summary and Trading Ideas (PLDT Sponsored ADR | NYSE:PHI)

PLDT Inc is the telecommunications carrier in the Philippines. The company's business activities include three business units: Wireless, Fixed Line, and Others. The wireless segment consists of mobile telecommunications services provided by Smart and DMPI, and Fixed-line telecommunications services mainly provided by PLDT. It also provides fixed-line services through PLDT's subsidiaries.

PLDT Sponsored ADR trades on the NYSE stock market under the symbol PHI.

As of April 23, 2024, PHI stock price climbed to $23.65 with 13,302 million shares trading.

PHI has a beta of 0.33, meaning it tends to be less sensitive to market movements. PHI has a correlation of 0.04 to the broad based SPY ETF.

PHI has a market cap of $5.11 billion. This is considered a Mid Cap stock.

In the last 3 years, PHI stock traded as high as $39.00 and as low as $19.02.

The top ETF exchange traded funds that PHI belongs to (by Net Assets): PID, AVEM, CWI, DFEM, DFAX.

PHI has underperformed the market in the last year with a price return of +15.1% while the SPY ETF gained +24.3%. However, in the short term, PHI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.6% vs +4.9% return in SPY. But in the last 2 weeks, PHI shares have been beat by the market, returning -2.8% compared to an SPY return of -2.6%.

PHI support price is $22.65 and resistance is $23.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHI stock will trade within this expected range on the day.