Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a hold rating to a buy rating in a research note released on Saturday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Trading Up 0.3 %

TLK stock opened at $19.72 on Friday. Perusahaan Perseroan has a 1-year low of $19.36 and a 1-year high of $29.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.85. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.95 and a beta of 0.72. The business has a 50 day simple moving average of $23.58 and a two-hundred day simple moving average of $24.21.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last posted its quarterly earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share for the quarter. The business had revenue of $2.43 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.77% and a net margin of 16.12%. Research analysts anticipate that Perusahaan Perseroan will post 1.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 9.2% during the 3rd quarter. Ballentine Partners LLC now owns 8,594 shares of the utilities provider’s stock valued at $207,000 after buying an additional 723 shares during the period. Northcape Capital Pty Ltd raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.9% during the 3rd quarter. Northcape Capital Pty Ltd now owns 355,552 shares of the utilities provider’s stock valued at $8,569,000 after buying an additional 16,486 shares during the period. Commonwealth Equity Services LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 30.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 16,993 shares of the utilities provider’s stock valued at $410,000 after buying an additional 3,937 shares during the period. Lindbrook Capital LLC increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 235.4% in the third quarter. Lindbrook Capital LLC now owns 7,620 shares of the utilities provider’s stock worth $184,000 after purchasing an additional 5,348 shares during the period. Finally, Advisor Partners II LLC increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 18.2% in the third quarter. Advisor Partners II LLC now owns 13,122 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 2,023 shares during the period.

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.