Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

NYSE:TLK opened at $22.26 on Wednesday. The firm has a market capitalization of $20.05 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The business’s fifty day moving average price is $25.23 and its 200 day moving average price is $24.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.78 and a quick ratio of 0.70. Perusahaan Perseroan has a 12 month low of $21.67 and a 12 month high of $29.58.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last posted its earnings results on Friday, March 22nd. The utilities provider reported $0.33 EPS for the quarter. The firm had revenue of $2.43 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.80% and a net margin of 16.52%. On average, sell-side analysts anticipate that Perusahaan Perseroan will post 1.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several large investors have recently bought and sold shares of TLK. PNC Financial Services Group Inc. boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 26,717 shares of the utilities provider’s stock valued at $688,000 after acquiring an additional 1,367 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter valued at $405,000. Vident Advisory LLC boosted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.7% in the fourth quarter. Vident Advisory LLC now owns 22,052 shares of the utilities provider’s stock valued at $568,000 after acquiring an additional 1,577 shares in the last quarter. Profund Advisors LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter valued at $213,000. Finally, Citadel Advisors LLC acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter valued at $378,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.