PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Hits New 52-Week Low – Time to Sell?

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price hit a new 52-week low during trading on Friday. The company traded as low as $10.89 and last traded at $10.7370, with a volume of 527,122 shares trading hands. The stock had previously closed at $12.78.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TLK. Zacks Research raised PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 8th. 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, Wall Street Zen raised PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Price Performance

The stock has a market cap of $10.64 billion, a PE ratio of 10.32, a P/E/G ratio of 0.84 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79. The business has a 50 day moving average price of $14.12 and a two-hundred day moving average price of $15.35.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Ballast Advisors LLC purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter valued at $48,000. MidFirst Bank purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk in the 4th quarter worth about $54,000. GAMMA Investing LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 28.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,140 shares of the utilities provider’s stock worth $56,000 after buying an additional 910 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 24.7% in the 1st quarter. Assetmark Inc. now owns 3,716 shares of the utilities provider’s stock worth $69,000 after buying an additional 737 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 33.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,650 shares of the utilities provider’s stock valued at $87,000 after buying an additional 1,167 shares during the period.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.