UBS Downgrades PLDT to Neutral Amid Regulatory Concerns

UBS downgrades PLDT (PHI) from Buy to Neutral, adjusting the price target from PHP 1,500 to PHP 1,200, due to regulatory concerns impacting the mobile and wireline sectors. The company's financial health is mixed, with modest revenue growth, strong gross margin, but debt-to-equity ratio and current ratio indicating potential liquidity challenges. The Altman Z-Score of 0.86 suggests financial distress. Regulatory changes and competitive pressures are key industry considerations, and valuation metrics suggest potential undervaluation. Market sentiment is neutral, with RSI at 45.59 and moving averages indicating potential volatility.