NEW YORK ( TheStreet) -- Philippine Long Distance Telephone (NYSE: PHI) is trading at unusually high volume Tuesday with 428,817 shares changing hands. It is currently at four times its average daily volume and trading up $1.29 (+2.7%) at $49.67 as of 3:50 p.m. ET.

Philippine Long Distance Telephone has a market cap of $9.2 billion and is part of the technology sector and telecommunications industry. Shares are down 17% year to date as of the close of trading on Monday.

Philippine Long Distance Telephone Company provides telecommunication services in the Philippines. The company has a P/E ratio of 10.1, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Philippine Long Distance Telephone as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Philippine Long Distance Telephone Ratings Report.

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