PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Sets New 1-Year Low – Here’s What Happened

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.58 and last traded at $13.6150, with a volume of 828966 shares changing hands. The stock had previously closed at $14.08.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $13.54 billion, a P/E ratio of 13.80, a PEG ratio of 2.57 and a beta of 0.35. The firm’s fifty day moving average price is $16.33 and its 200-day moving average price is $18.94.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings results on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The company had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. Analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 18th will be given a $1.2214 dividend. The ex-dividend date is Thursday, June 18th. This represents a dividend yield of 824.0%. PT Telekomunikasi Indonesia, Tbk’s payout ratio is presently 94.95%.

Institutional Trading of PT Telekomunikasi Indonesia, Tbk

Several large investors have recently modified their holdings of TLK. Brown Brothers Harriman & Co. raised its position in PT Telekomunikasi Indonesia, Tbk by 828.9% during the 3rd 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 stake in shares of PT Telekomunikasi Indonesia, Tbk in the 2nd quarter worth approximately $25,000. Kestra Advisory Services LLC purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the fourth quarter valued at approximately $36,000. Smartleaf Asset Management LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the second 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 period. Finally, Global Retirement Partners LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the fourth quarter valued at approximately $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.