Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a buy rating to a hold rating in a report issued on Friday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 0.5 %

Shares of TLK stock opened at $20.85 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.78. The firm’s 50 day moving average is $24.26 and its 200 day moving average is $24.40. Perusahaan Perseroan has a 12 month low of $20.73 and a 12 month high of $29.44.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings results on Friday, March 22nd. The utilities provider reported $0.33 EPS for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 16.52% and a return on equity of 16.11%. The company had revenue of $2.43 billion for the quarter. As a group, research analysts expect that Perusahaan Perseroan will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Several institutional investors and hedge funds have recently bought and sold shares of TLK. Wellington Management Group LLP purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter valued at $42,586,000. Sei Investments Co. purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter valued at $8,042,000. Bank of America Corp DE raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 47.5% during the 1st quarter. Bank of America Corp DE now owns 780,254 shares of the utilities provider’s stock valued at $21,278,000 after buying an additional 251,090 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter valued at $5,861,000. Finally, BlackRock Inc. raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 34.7% during the 1st quarter. BlackRock Inc. now owns 933,303 shares of the utilities provider’s stock valued at $25,451,000 after buying an additional 240,626 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.