UBS Downgrades PLDT to Neutral Amid Concerns Over Revenue Growth and Financial Health

UBS downgrades PLDT (PHI) from "Buy" to "Neutral" due to a reassessment of the company's current market position and future growth prospects. PLDT operates through wireless, fixed line, and other services, with a market capitalization of approximately $4.51 billion. The company's revenue growth has been modest, and its operating margin has been declining. PLDT's financial health is concerning, with a high debt-to-equity ratio and low interest coverage ratio. The stock is trading at attractive levels with a low P/E ratio, P/S ratio, and P/B ratio.