PT Telekomunikasi Indonesia, Tbk (TLK) Expected to Announce Quarterly Earnings on Friday

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) is anticipated to post its resultson Friday, March 20th. Analysts expect PT Telekomunikasi Indonesia, Tbk to post earnings of $0.3182 per share and revenue of $2.2256 billion for the quarter.

PT Telekomunikasi Indonesia, Tbk Trading Down 0.9%

Shares of TLK stock opened at $18.08 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a 50-day moving average price of $20.70 and a 200 day moving average price of $20.39. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $23.51.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the fourth quarter worth approximately $336,000. Brooklyn Investment Group acquired a new position in PT Telekomunikasi Indonesia, Tbk during the fourth quarter worth approximately $329,000. Compound Planning Inc. increased its position in PT Telekomunikasi Indonesia, Tbk by 39.2% during the fourth quarter. Compound Planning Inc. now owns 14,759 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 4,158 shares during the last quarter. AQR Capital Management LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk during the fourth quarter worth approximately $283,000. Finally, Corient Private Wealth LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk during the second quarter worth approximately $277,000.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.