PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) from a hold rating to a strong sell rating in a report issued on Wednesday morning,Zacks reports.

TLK has been the topic of a number of other reports. Weiss Ratings lowered shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Price Performance

PT Telekomunikasi Indonesia, Tbk stock opened at $14.99 on Wednesday. The stock’s 50 day moving average is $14.63 and its 200 day moving average is $16.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.79 and a quick ratio of 0.78. The firm has a market cap of $14.85 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.98 and a beta of 0.35. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.23 and a one year high of $23.51.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 23.4% during the 1st quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after purchasing an additional 4,770,126 shares during the last quarter. Northcape Capital Pty Ltd lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 4.5% in the second quarter. Northcape Capital Pty Ltd now owns 1,125,872 shares of the utilities provider’s stock valued at $15,120,000 after purchasing an additional 48,584 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 693,271 shares of the utilities provider’s stock valued at $12,932,000 after purchasing an additional 2,524 shares in the last quarter. Bank of America Corp DE boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 11.7% during the first quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock valued at $10,573,000 after buying an additional 59,123 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 545,405 shares of the utilities provider’s stock valued at $11,481,000 after buying an additional 9,577 shares during the last quarter.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is an Indonesian telecommunications and information technology company. Through its subsidiaries and business units, the company provides fixed-line and mobile communications, broadband internet, network connectivity, and digital services to consumers, businesses, and government customers.

Telkom’s consumer offerings include mobile voice and data services, fixed broadband, pay television, and related digital products.