PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Gap Up – Still a Buy?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) shares gapped up prior to trading on Wednesday . The stock had previously closed at $14.70, but opened at $15.40. PT Telekomunikasi Indonesia, Tbk shares last traded at $15.5850, with a volume of 221,945 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Zacks Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Up 5.7%

The firm’s 50 day moving average is $17.26 and its two-hundred day moving average is $19.56. The firm has a market cap of $15.40 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 2.56 and a beta of 0.34. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its quarterly earnings data 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 business had revenue of $2.19 billion for the quarter. As a group, research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 2.04 EPS for the current fiscal year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 18th will be paid a $1.2214 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a yield of 830.0%. PT Telekomunikasi Indonesia, Tbk’s payout ratio is presently 106.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Mariner LLC lifted its stake in PT Telekomunikasi Indonesia, Tbk by 0.5% in the third quarter. Mariner LLC now owns 100,593 shares of the utilities provider’s stock valued at $1,893,000 after buying an additional 501 shares in the last quarter. Savant Capital LLC lifted its stake in PT Telekomunikasi Indonesia, Tbk by 4.1% in the third quarter. Savant Capital LLC now owns 15,290 shares of the utilities provider’s stock valued at $288,000 after buying an additional 607 shares in the last quarter. Assetmark Inc. lifted its stake in PT Telekomunikasi Indonesia, Tbk by 24.7% in the first quarter. Assetmark Inc. now owns 3,716 shares of the utilities provider’s stock valued at $69,000 after buying an additional 737 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in PT Telekomunikasi Indonesia, Tbk by 18.8% in the fourth quarter. TD Private Client Wealth LLC now owns 5,360 shares of the utilities provider’s stock valued at $113,000 after buying an additional 847 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in PT Telekomunikasi Indonesia, Tbk by 28.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,136 shares of the utilities provider’s stock valued at $87,000 after buying an additional 917 shares in the last quarter.

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.