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

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 research report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Down 1.7%

Shares of NYSE:TLK opened at $16.56 on Thursday. The company has a fifty day moving average of $18.00 and a 200-day moving average of $20.08. The company has a market capitalization of $16.40 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 4.50 and a beta of 0.36. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.76 and a current ratio of 0.77. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $15.63 and a 52-week high of $23.51.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last announced its quarterly earnings results on Wednesday, May 20th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.65. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.30 billion. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. On average, equities analysts predict that PT Telekomunikasi Indonesia, Tbk will post 1.39 EPS for the current fiscal year.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. increased its holdings in 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 period. First Horizon Corp acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the third quarter valued at $26,000. Raymond James Financial Inc. acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the second quarter valued at $25,000. Kestra Advisory Services LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at $36,000. Finally, Global Retirement Partners LLC acquired a new stake in PT Telekomunikasi Indonesia, Tbk in the fourth quarter valued at $40,000.

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.