PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Gap Down – Should You Sell?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) gapped down prior to trading on Monday . The stock had previously closed at $15.54, but opened at $13.70. PT Telekomunikasi Indonesia, Tbk shares last traded at $14.3550, with a volume of 593,303 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings raised shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Zacks Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

The stock’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $19.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $14.01 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.83 and a beta of 0.35.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its quarterly earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. The company had revenue of $2.19 billion during the quarter. As a group, equities analysts predict that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current year.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its position in PT Telekomunikasi Indonesia, Tbk by 828.9% during 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 in the last quarter. Raymond James Financial Inc. acquired a new position in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth approximately $25,000. Kestra Advisory Services LLC acquired a new position in PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth approximately $36,000. Smartleaf Asset Management LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 70.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 921 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth approximately $40,000.

About PT Telekomunikasi Indonesia, Tbk

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.