PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Sees Unusually-High Trading Volume – Time to Buy?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) saw an uptick in trading volume on Thursday. 4,422,591 shares changed hands during trading, an increase of 438% from the previous session’s volume of 821,892 shares. The stock last traded at $12.7750 and had previously closed at $12.74.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Weiss Ratings cut PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 31st. Finally, Zacks Research upgraded PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Price Performance

The company’s 50 day moving average is $14.16 and its 200 day moving average is $15.39. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.83 and a beta of 0.40.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Hedge funds have recently made changes to their positions in the company. Legacy Wealth Asset Management LLC increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 1.0% during the third quarter. Legacy Wealth Asset Management LLC now owns 126,634 shares of the utilities provider’s stock worth $1,615,000 after purchasing an additional 1,274 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 38.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,595 shares of the utilities provider’s stock valued at $161,000 after purchasing an additional 3,505 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 3.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 25,034 shares of the utilities provider’s stock valued at $336,000 after purchasing an additional 776 shares during the period. Engineers Gate Manager LP boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 288.1% in the 2nd quarter. Engineers Gate Manager LP now owns 118,281 shares of the utilities provider’s stock valued at $1,589,000 after purchasing an additional 87,803 shares during the period. Finally, Squarepoint Ops LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 33.5% during the 2nd quarter. Squarepoint Ops LLC now owns 68,233 shares of the utilities provider’s stock worth $916,000 after buying an additional 17,114 shares during the last quarter.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s state-controlled telecommunications and digital services company. Through its subsidiaries and business units, the company provides fixed-line and mobile communications, broadband internet, network connectivity, information technology services, cloud solutions, and digital services to consumers, businesses, government institutions, and wholesale customers.

Telkom’s consumer operations include broadband services under the IndiHome brand and mobile communications through Telkomsel, its major telecommunications subsidiary.