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

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.

Several other equities research analysts have also recently commented on TLK. Weiss Ratings cut shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, July 31st. Wall Street Zen upgraded PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk presently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.0%

PT Telekomunikasi Indonesia, Tbk stock opened at $14.99 on Wednesday. The stock has a market capitalization of $14.85 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.35. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.23 and a twelve month high of $23.51. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $14.63 and a 200-day moving average of $16.39.

Hedge Funds Weigh In On PT Telekomunikasi Indonesia, Tbk

Several hedge funds have recently made changes to their positions in TLK. Brown Brothers Harriman & Co. raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 828.9% in the third quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,177 shares during the last quarter. Raymond James Financial Inc. bought a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter valued at $25,000. Kestra Advisory Services LLC bought a new position in PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at $36,000. Global Retirement Partners LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the 4th quarter valued at $40,000. Finally, Smartleaf Asset Management LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 70.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock valued at $37,000 after buying an additional 921 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Company Profile

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.