Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) from a hold rating to a buy rating in a report published on Saturday morning.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

NYSE TLK opened at $19.72 on Friday. The stock’s fifty day moving average is $23.58 and its two-hundred day moving average is $24.21. The firm has a market capitalization of $17.76 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 0.95 and a beta of 0.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.87. Perusahaan Perseroan has a fifty-two week low of $19.36 and a fifty-two week high of $29.44.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last released its quarterly earnings data on Friday, March 22nd. The utilities provider reported $0.33 earnings per share for the quarter. The company had revenue of $2.43 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.77% and a net margin of 16.12%. On average, research analysts anticipate that Perusahaan Perseroan will post 1.68 earnings per share for the current year.

Hedge Funds Weigh In On Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 1,124 shares during the last quarter. CWM LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 153.0% in the 4th quarter. CWM LLC now owns 2,517 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,522 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 529.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,939 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 2,472 shares during the last quarter. Finally, KLR Investment Advisors LLC acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 3rd quarter valued at $183,000.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.