Philippine Long Distance Telephone (PHI) Hits New Lifetime High

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Philippine Long Distance Telephone ( PHI) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Philippine Long Distance Telephone as such a stock due to the following factors:

  • PHI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.8 million.
  • PHI has traded 780 shares today.
  • PHI is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in PHI with the Ticky from Trade-Ideas. See the FREE profile for PHI NOW at Trade-Ideas

More details on PHI:

Philippine Long Distance Telephone Company provides telecommunications services in the Philippines. The stock currently has a dividend yield of 2.8%. PHI has a PE ratio of 22.3. Currently there are no analysts that rate Philippine Long Distance Telephone a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Philippine Long Distance Telephone has been 80,100 shares per day over the past 30 days. Philippine Long Distance Telephone has a market cap of $16.7 billion and is part of the technology sector and telecommunications industry. Shares are up 30.1% year-to-date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Philippine Long Distance Telephone as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:
  • The revenue growth significantly trails the industry average of 55.6%. Since the same quarter one year prior, revenues slightly increased by 9.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Wireless Telecommunication Services industry and the overall market, PLDT-PHILIPPINE LNG DIST TEL's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • The debt-to-equity ratio is somewhat low, currently at 0.95, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.50 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • Powered by its strong earnings growth of 30.68% and other important driving factors, this stock has surged by 26.09% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • PLDT-PHILIPPINE LNG DIST TEL has improved earnings per share by 30.7% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, PLDT-PHILIPPINE LNG DIST TEL reported lower earnings of $3.49 versus $4.01 in the prior year. This year, the market expects an improvement in earnings ($4.16 versus $3.49).

null

If you liked this article you might like

Hearst Leads Investment into Malaysian Streaming Video Service

Hearst Leads Investment into Malaysian Streaming Video Service

3 Hold-Rated Dividend Stocks: AI, PHI, GAIN

3 Hold-Rated Dividend Stocks: AI, PHI, GAIN

3 Telecommunications Stocks Nudging The Industry Higher

3 Telecommunications Stocks Nudging The Industry Higher

3 Stocks Dragging The Telecommunications Industry Downward

3 Stocks Dragging The Telecommunications Industry Downward

What To Hold: 3 Hold-Rated Dividend Stocks PHI, CMRE, HRZN

What To Hold: 3 Hold-Rated Dividend Stocks PHI, CMRE, HRZN