PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Issues Quarterly Earnings Results

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) released its earnings results on Friday. The utilities provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.08), Zacks reports. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.10 billion.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of NYSE TLK opened at $16.29 on Wednesday. The stock’s 50-day simple moving average is $17.64 and its 200-day simple moving average is $19.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.92. The firm has a market capitalization of $16.14 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.98 and a beta of 0.34. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $15.63 and a fifty-two week high of $23.51.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the second quarter worth $25,000. Brown Brothers Harriman & Co. grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 828.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,177 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth about $36,000. Smartleaf Asset Management LLC increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the second quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after buying an additional 921 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the 4th quarter valued at $40,000.

Analyst Ratings Changes

A number of research firms have recently issued reports on TLK. Zacks Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.